UK Holiday Let Mortgage

As an expat have you ever considered a holiday let property in the UK?

Owning a holiday let in the UK as an expat offers financial, personal, and community benefits. The UK’s popularity with tourists means well-placed properties can earn substantial rental income, especially during peak seasons like summer and holidays.

Tax advantages

Another key benefit is the tax incentives available to holiday let owners. Properties that meet the criteria for a furnished holiday let (FHL) can benefit from tax reliefs not available to long-term rental properties. This includes allowances for mortgage interest, capital gains tax relief, and the ability to claim capital allowances on furniture and fixtures.

Expats are seeking more expert help to secure mortgages on UK properties

Expats can get a standard residential home loan, but lenders usually require proof that close family live in the home. Because most expats work overseas, a buy-to-let mortgage is often more suitable.

Approximately 5.2 million British citizens reside abroad, with many eager to maintain a property in the UK or invest in one for rental purposes. However, mortgage choices are fairly limited, and generally you’ll require a specialist landlord mortgage.

You will typically need to seek out a specialist lender, and this is where the expat broker can assist you in making the correct choice.

Help required?

If you are an expat looking for a new or re-mortgage, please do get in touch and one of our fully qualified independent advisers will be happy to assist.