Been thinking about a buy to let.
Would be nice to have a place by the coast to take me missus and me nipper once in a while.
Holiday home seems a good option for this - go down there on weekends when no guests are in.
Got one in mind not far from the Cobb in Lyme Regis. So close to the seafront that you can hear the change jingling in the fruitees
So the question is, is getting a mortgage for a holiday home pretty much like getting a BTL mortgage?
Do you have to demonstrate that the property can earn a certain yield? I guess this is quite difficult at first as you build up business (unless you buy an established holiday let)
Would be nice to have a place by the coast to take me missus and me nipper once in a while.
Holiday home seems a good option for this - go down there on weekends when no guests are in.
Got one in mind not far from the Cobb in Lyme Regis. So close to the seafront that you can hear the change jingling in the fruitees
So the question is, is getting a mortgage for a holiday home pretty much like getting a BTL mortgage?
Do you have to demonstrate that the property can earn a certain yield? I guess this is quite difficult at first as you build up business (unless you buy an established holiday let)
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