The Principality Building Society will consider lending on holiday homes using their standard buy to let product range and criteria.
This little know niche which is unusually for lenders was brought to my attention by one of our consultants James Scoular after helping a Property118 reader secure an offer letter on her holiday home. Sure enough after investigation I found it hidden away in their three page mortgage lending criteria guide. Continue reading Principality will consider Holiday Homes on BuyToLet
Buy to let lenders say they are ready to open the floodgates to property investors looking to expand their portfolios rather than lend to first time buyers.
Mortgage lenders see less risk and more profits in buy to let because landlords borrow less to buy the same home as other buyers and investment mortgage interest rates are generally higher.
For landlords looking for more property, here’s a round up of some of the best buy to let interest rates and deals for the Spring Bank Holiday weekend: Continue reading Spring Bank Holiday best buy to let mortgage deals guide