Holiday Home Mortgages

A holiday home is a second home where people do not live all the year round. This is not the main property and is also not a buy to let property, for which there are of course the specialist range of buy to let mortgages available.

Some financial institutions (banks, building societies) have a specific mortgage product for a second home or a holiday home. These will typically be a product that can be arranged on a short or long term basis depending on requirements and the individual requirements of the situation.

With this sort of product there is often the flexibility offered by the lender for them to take into account things like investment or rental income in addition to the borrower's main income when they are assessing your suitability to be lent the money for that particular mortgage product.

In summary, if you are purchasing a second property either as somewhere to live as a second home or a holiday home of some sort, then there are products out there that specifically are tailored towards this sort of purchase offered by some institutions.

Buying Property

Mortgages

Buying Overseas

Tools and Resources

Holiday Home Mortgages

House Prices