Expat Holiday Let Mortgages are Very Active in 2024.

Expat Holiday Let Mortgages are very active right now. There’s been a big increase in choice available to expat landlords wanting to enter the holiday rental sector this year.

The number of mortgage options for expat borrowers looking at the rental market have more than doubled since May 2023.

As the demand for staycations remains evident, it would not be too surprising to see more growth in this market in the months to come. In February 2023 only 2 lenders were offering a buy to let mortgage available to holiday letting. Whereas today there are many more options to the expat investor.

At this point in time, its evident expat landlords are taking advantage of the opportunity to earn an income through holiday lets.

This type of letting a UK property is seen as a very profitable option to expats not wanting to let their UK holdings for long periods of time.

Before deciding to enter this market, research is vital!  

Undertaking thorough research into popular locations is of utmost importance.  Also weighing up tax benefits, reading up on rules regarding residency periods and other potential expenses. All of this and the utility bills can feel daunting. Therefore seeking advice before entering an arrangement is wise.

The number of holiday let companies set up has jumped. Chiefly by expat landlords, between January and June this year has increased of 42% versus the whole of 2023.

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Our professional team of fully qualified independent advisers are used to dealing with all types of expat re-mortgage/mortgage business. Please do call to discuss your requirements and we will be happy to help.