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Showing results for tags 'lets'.
Hi all, I am looking to remortgage a BTL to release some equity, the BTL is currently let to an company on government AASC contracts to house asylum seekers (previous known as COMPASS contract). The company dealt with all the day to day issues, maintaining the property and paying the rent. The lease usually lasts 5-10 years. Is it possible to get a mortgage, if so, what are their typical terms please - LTV/Interest rate etc.? Many thanks!
Hi I’m hoping someone can help me. My my wife and I are buying a second home - a flat in London. My wife works 3 days in london, 2 days at home. She wants to use the flat for 2 nights a week, every week. We intend to do AirBNB let’s for the remaining days. My question: can we achieve this through an SPV ltd company? Specifically, are there mortgage products that allow the mortgage to “holiday let/short term let” and use it regularly for themselves? (Tipton BS just launched such a product but they don’t lend to ltd companies). Are there issues with the limited company allowing directors to reside? Can it be free or would a charge have to be made? Tax issues associated with this? We are also about to embark on becoming a landlord ourselves and are looking to purchase a number of properties through an SPV ltd company. Please note: We are aware of the 90 day holiday let restriction in London, and also the caveats to ensuring landlord consent to sub let on this basis. with thanks in advance.
What are peoples thoughts towards holiday lets as a property investment ? I have always fancied the idea of owning a holiday apartment for my family and close friends to benefit from. And also like the idea of letting the property out when I am not using it... I will hopefully soon be in a position to progress with this idea, as I have found a suitable property that is ideal for myself and family, but will also give me a 6% yield in holiday rental... Would be interested to hear if anyone else has a holiday let as part of their portfolio and how successful you have found it to be as an investment ?