Serviced Accommodation Mortgage: How Seasonal Revenue Modelling Affects Lending Decisions
The UK property market is seeing more and more serviced accommodation businesses pop up – from small hotels, short-stay lets to holiday lets. But securing finance for these properties isn’t simple. Unlike a regular buy-to-let, where the rent is steady each month, income for a serviced accommodation mortgage can swing throughout the year. Because of […]
HMO Mortgage Challenges under Tightened UK Rental Rules
In the UK, investing in property has always been a great way to build wealth over time. But recent changes to the rules and limits on lending have made things a little harder for landlords who are interested in HMOs or serviced accommodations. Here, we break down the main problems with getting an HMO mortgage […]