Book Mortgage Appointment

Introducers

Enquire Now

PF

Moving House Mortgage
First Time Buyers
Remortgage
Bridging Loans
Interest Only Mortgages
Mortgage Review

Moving House Mortgages

Advice on handling your mortgage effectively when moving home.

How Much Can I Borrow?

Use our calculator to find out how much you can borrow.
Guarantor Mortgages
Bridging Loans
Lombard Loans
Unusual Properties
Complex Income
Auction Finance
Self Build Mortgages
International & Expat

Stamp Duty Calculator

Work out how much tax you may need to pay with our stamp duty calculator.

About Private Finance

Private Finance have been delivering independent mortgage advice since 1999.
Single Property BTL
Holiday Let
HMO
Limited Company BTL
Portfolio BTL
Multi Unit Block Mortgages
Airbnb Mortgage

Landlord Insurance

Protect your rental property, income and liability with specialist cover tailored to landlords.

ICR Stress Rate Calculator

Check how rental income, ICR and stress rates could affect your buy-to-let borrowing.
Accountants
Agency Workers
Company Directors
Doctors
Lawyers

Young Professionals

Mortgages For Accountants

Explore tailored mortgage options for accountants with lenders who understand professional career paths.

Mortgages For Lawyers

Limited Company
Partnership
Sole Trader
Bonus Income
Commission Income
Contractors & Self Employed
Trust Income
Pension Income
Maintenance Income

Complex Income Mortgages

Learn how non-standard and variable income could support your mortgage application.

Mortgages For Self Employed

Explore mortgage options for contractors and self-employed borrowers with specialist income assessment.

4.97 out of 5 based on 2,400+ reviews

Utilising Holiday Lets To Boost Mortgage Affordability

  • October 4th, 2022
Get started
Call 0800 652 0971
Find out more

Rated 4.97 out of 5 from 2,400+ reviews

Traditional family home with well manicured garden bathed in warm early sunlight.

Proposition

Our client, an English national, had recently moved back to the UK and purchased a property using a Private Lender to do so. The property was a detached country home, with three holiday lets on the same title. They were now looking to refinance their existing mortgage of £1.1 million against the property value of £1.5 million.
The client wanted a part repayment and part interest-only mortgage with a preference for a discount variable rate.
While the client had a high income and could afford the mortgage, there were several complexities in the case as follows:
  • The client’s income is derived in USD.
  • The client had only recently moved back to the UK and therefore we would need to find a lender who could consider a refinance within six months of owning the property in question.
  • We needed to also find a lender that was not only comfortable with having three holiday let properties on the same title as the main residence, but also able to factor in the projected rental income from these properties when assessing affordability.

Solution

With access to every lender on the market and vast experience negotiating property finance of every kind, Private Finance’s expert brokers are equipped to find solutions to mortgage-related problems, even complex situations such as this.
Our expert consultant was able to find a lender who could not only utilise the foreign income and look past his lack of UK credit footprint, but they could also use the projected income for the holiday let cottages to boost his affordability. A part repayment and part interest-only loan of £1.1m was arranged for a term of 9 years, on a discount variable rate of 4.24% for a three-year period.

Bespoke Mortgage Requirements?

Whatever your situation, our premier mortgage team, can advise on the best solution. We specialise in complex and bespoke mortgage solutions to help you find the best possible terms.

Comparing 300+ lenders accessing the best rates
Free initial consultation with no obligation to proceed
25+ years of industry experience and relationships
Book a chat
Call 0800 652 0971

Other Articles You Might Like

Row of traditional period townhouses under a clear blue sky
Bank of England Holds the Base Rate at 3.75%, July 2026
With the base rate held at 3.75% and recent swap rate adjustments, we explore…
Industry News
Read more
From Auction Finance Bridging Loan to Long-Term Buy-to-Let Finance
Refinancing a Limited Company…
Buy to Let
Read more
Front door of large home in the UK that is related to Interest only remortgage
£1.5m Interest-Only Remortgage On A Multi-Dwelling 50-Acre Estate
Discover how to buy a second home…
Residential
Read more
Residential

Residential Mortgages

Specialist Mortgages

Buy to Let Mortgages

Mortgages by Profession

Mortgages by Income

Commercial

Commercial

Private Office

Private Office

Insurance

Protection Insurance

Household Insurance

Calculators & Tools

Resources

Calculators

Guides

  • By Client Type
  • See More +
About Us

About Us

Enquire Now