Getting the right Mortgage for Holiday Lets and Airbnb
When you are considering buying a property to use for Holiday Letting or Airbnb, it’s vital to check that your lender provides a Mortgage for this use.
Many people I speak to believe that a “Buy to Let” mortgage is sufficient for this use, however it is not the case, buying a property specifically to use as a Holiday Let or Airbnb requires a specific Mortgage type. What’s worse is that there are a limited number of lenders who provide this type of Mortgage and the rates are higher too. So when you are considering buying a property for Holiday Letting or Airbnb, make sure that you ask the question.
At Cotswold Property Manager we help clients to make sure that you are informed of the legalities and pitfalls as early as possible. We also can help refer you to Mortgage Specialists in this area, so you can be confident you have all of the correct information from the start.
We are a local business, with outstanding knowledge of the area, and unlike some other companies we leave you in control of your Airbnb listing.
If you have or are looking for a Holiday home or Airbnb in Gloucestershire, Oxfordshire or Worcestershire, Contact us today, to discuss how we can help you realise the best return from your property, and take away the overhead of managing an Airbnb property in the Cotswolds.
Cotswold Property Manager, taking care of local properties throughout the Counties of Gloucestershire and Oxfordshire.