HOLIDAY HOME MORTGAGES
Looking to buy a holiday home in the UK or abroad? Whether it’s a seaside retreat in Cornwall or a countryside escape in France, a holiday home mortgage can help make your dream a reality. At Watts Mortgage and Wealth Management Ltd, we are an independent, whole-of-market mortgage broker, offering personalised advice on the best mortgage solutions for your needs.
A holiday home mortgage is a specialist loan designed for purchasing a second property that you’ll use for personal holidays, weekend getaways, or occasional rental to friends and family. Unlike buy-to-let mortgages, holiday home mortgages are not designed for full-time renting to strangers, making them ideal for part-time personal use.
There are fewer lenders available in this market, and as the owner of the holiday-let, you will be responsible for things like council tax and utility fees. These are all considerations that should be taken very seriously before deciding to go ahead with a holiday home mortgage. Luckily, our team at Watts have the right experience to assist you.
- Truly independent: Whole-of-market advice with access to the most suitable mortgage deals.
- Local and national expertise: Based in Nantwich, Cheshire, with a friendly and knowledgeable team, we’ve won numerous national mortgage advisor awards and have been in business for over 35 years.
- Specialist knowledge: Experienced advisers who understand holiday home finance.
- Tailored solutions: Bespoke advice for both UK and overseas holiday properties.
- With you throughout: Ongoing support from your first enquiry to completion.
- Know the difference: holiday home vs. holiday let
Clarify your intended use of the property. Personal use? Occasional rental? Commercial holiday letting? Each use may require a different mortgage product.
- Prepare a larger deposit
Most lenders require at least 25% deposit for a holiday home mortgage. The more you can put down, the better your rates and approval chances.
- Check affordability thoroughly
Lenders assess your ability to repay based on your existing mortgage, income, and debts. A full financial review with one of our advisers ensures you’re not overextending.
- Consider property location and type
Holiday homes in remote or unconventional locations (e.g. lodges, chalets) may be harder to mortgage. We help you navigate lender preferences and find flexible options.
- Factor in additional costs
Don’t forget stamp duty, maintenance, council tax, utility fees, insurance, and travel expenses. We’ll help you plan your budget effectively to avoid surprises.
At Watts Mortgage and Wealth Management Ltd, we’re here to help you find the best holiday home mortgage. To find out more about how to get started with a holiday home mortgage, talk to one of our independent advisers today by calling 01270 620555 or filling in the enquiry form. We’d be delighted to assist you.
MAKE AN ENQUIRY
If you’re looking for mortgage advice, contact Watts IFA today. Our expert team can help you secure the best mortgage based on your contracting status and financial situation.
Dean Savage
Mortgage Adviser
“I have helped many clients secure a mortgage for a second home whether that be for their family use and/or to be let out.
I would be delighted to assist you purchase or remortgage that dream second home that you have always wished for.”
With our extensive experience and access to a vast lender network, Watts Mortgage & Wealth Management Ltd is the ideal partner for those seeking a tailored mortgage solution. Contact us today, and let our dedicated advisers guide you through the process.
AWARDS AND ACHIEVEMENTS
Holiday home mortgage FAQs
Yes, but it depends on the mortgage type. A holiday home mortgage allows occasional letting to friends or family, but if you plan to rent it out commercially on platforms like Airbnb or Booking.com, you may need a holiday let mortgage instead. At Watts Mortgage and Wealth Management Ltd, we’ll help you understand the difference and find the right product for your plans.
Typically between 25% and 35%, depending on the lender, location, and your financial profile.
Yes. Many lenders offer second home or holiday home mortgage products, but they’ll factor in your current commitments when assessing affordability.
If you’re applying for a holiday let mortgage, projected rental income may help boost your borrowing capacity. Some lenders use estimated letting income to assess affordability.
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INDEPENDENT MORTGAGE ADVICE AND PROTECTION FOR YOU
Welcome to Watts!
Our friendly, knowledgeable and experienced team are here to help find the right mortgage and life insurance for you. We have helped thousands of clients, over 30 years buy their dream home and ensure their family is protected.
We are a family business and pride ourselves on our customer service. As an independent company, we can search from over 100 lenders and insurance companies to help you get the best deal.
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We search over 100 lenders to find the right mortgage for you
I just wanted to say a massive thank you for your assistance in my purchase. I would like to place on record my appreciation of the professionalism and tenacity of Emma. She has kept me fully updated in terms of progress and answered all of my questions in a timely manner. Great service and hope we can do business again in the future.
A. Henshall
