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 […]
What Is a Bridging Loan and When Should You Use One?
So, you researched the property, attended the auction and had the winning bid – congratulations, you’ve now secured your dream property! Now the biggest challenge is that you don’t have the funds to pay for it. At times like these, instead of having the property in your hands, you only get stress. Losing a good […]