With mortgage rates fluctuating, government policies shifting, and uncertainty in the property market, many holiday let owners and property investors are wondering how to navigate their mortgage options. Should you commit to a long-term deal, stick with your current lender, or prepare to sell? (writes Howard Reuben, Principal, HCH Financial Services).
Making the wrong choice – or doing nothing – could mean falling onto your lender’s standard variable rate (SVR), which can be as high as 8.5% or more. The ‘cost of delay’ can be substantial, so planning ahead with a flexible mortgage solution is crucial.
A smart holiday let mortgage alternative to expensive SVRs
For those looking for a short-term mortgage solution with lower interest rates and no early redemption penalties, there’s a compelling option available. LendInvest’s two-year tracker mortgage offers a pay rate of the Bank of England Base Rate +3.19%, significantly lower than many SVRs.
Why this mortgage is a flexible option
No early redemption charges – exit without penalty if you need to remortgage or sell
Lower interest rate than many SVRs – reducing unnecessary mortgage costs
£350 cash back on completion – a bonus for borrowers
Up to 70% LTV – ideal for refinancing or purchasing a holiday let property
Available across England, Wales, and Scotland
Maximum loan size: £750,000
This type of product offers flexibility in a rapidly changing market, allowing holiday let owners to reduce costs now while keeping their options open for the future.
What should holiday let owners do next?
If your current mortgage deal is expiring, or you’re worried about falling onto your lender’s costly SVR, now is the time to explore your options. HCH Financial Services can help you assess your eligibility and find the best mortgage solution for your needs.
Get in touch today:
Call: 0333 123 4536
Email: advice@hchfs.com
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