Buying a Holiday Home
Some lenders that will allow you to buy a second home (one that you will not live in permanently) but you will have to demonstrate that you can afford the mortgage on this and any other mortgage that you have.If you plan to rent the property out all year round then you might be better off choosing a buy to let mortgage. The amount you can borrow will be based on a surveyors assessment of the property's rental income. The buy to let button, under calculators, above will calculate how much you might be able to borrow according to the rental income.
If you need any more information then we would be delighted to hear from you either by telephone (call us free on 0800 019 6624).