Holiday let finance – investment warning to borrowers
People looking to buy a UK holiday let are being warned not to get “scammed” and end up with the wrong type of mortgage. Doing so could see them end up having to pay the outstanding loan monies back immediately, as well as potentially being classed as a fraudster.This stark warning is issued by Norman Phillips, Director at mortgage specialists, Holiday Let Mortgages. He says: “UK holiday lets are increasing in popularity and no wonder – a recent press article* highlighted how weekly holiday rents in tourist hotspots such as Bath are double what landlords can charge for long term lets in the