The Primis mortgage network (owned by estate agency-led company LSL Property Services) said it has seen an increase in the number of enquiries regarding holiday let mortgages.
A statement from LSL says interest rates on cash savings accounts fell to record lows during 2021, and while some are beginning to rebound, savers have been considering alternative ways to invest.
The UK staycation industry has thrived since the pandemic, and holiday rentals are seen by many as an attractive investment opportunity due to increased demand for short-term rentals.
Proposition Director at PRIMIS, Vikki Jefferies, said: “With the recent boom in the staycation market, it’s of no surprise to see increased queries on holiday lets as people see their investment potential, especially in the run up to the festive season.”
“The low rates and updated criteria from many lenders in the market also explain the rise in queries on these products, especially those tailored towards complex first-time landlords.”
If you are looking for a help and advice mortgage to buy your first property, or your next investment property, we can help. We have access to lenders across the UK and can help find the right product.
Call 01625 548248 or email enquires@mortgagesavers.co.uk
You can also enquire via our website https://mortgagesavers.co.uk/
Please make sure you Subscribe to my YouTube Channel https://www.youtube.com/channel/UCqTZ…
Follow me on Social Media for the latest in Property & Finance…
Facebook https://www.facebook.com/Mortgage-Sav…
Twitter https://twitter.com/MortgageSavers1
LinkedIn https://www.linkedin.com/company/mort…
No 1 for finding you the right mortgage, project finance and insurance.