How Serviced Accommodation Income Is Discounted by Lenders
If you operate in the short-term rental market, you already know the numbers can look strong. Nightly rates often dwarf a standard AST. On paper, serviced accommodation regularly outperforms traditional buy-to-let. But lenders don’t look at it that way. They do not take projected Airbnb income at face value. In fact, they rarely use 100% of it at all. A serviced […]
Why Serviced Accommodation Mortgage Deals Fail After Offer
For many property investors, getting a mortgage offer in place for a serviced accommodation mortgage feels like the biggest hurdle has been cleared. By that point, solicitors are instructed, costs have been paid, and completion feels close. So, when a deal falls apart after the offer is issued, it often comes as a genuine surprise. Serviced accommodation and short-term […]
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 […]