Mortgage AirBNB Property - Mortgage Lenders Who Allow AirBNB

Buying a property and renting it out as a holiday rental property has been a popular investment for many UK Buy To Let investors for many years. But over the last 10 years with the increasing popularity of AirBNB and other online property rental portals, property owners can see an increase in their rental incomes and a big increase in bookings, often resulting it a much higher yield for your initial investment.

Many mortgage lenders understand the popularity of AirBNB and holiday rental property as an investment and have created some excellent mortgage plans to cater for these, many of which will accept the income projected for the property for your affordability checks. First Choice Finance can help you get access to these plans, speak to one of our qualified advisers who will be happy to discuss your needs and requirements to help find the best mortgage product to purchase your AirBNB property.

When looking at purchasing an AirBNB property it is also important to ensure you have the appropriate insurance, both for the home as well as public liability insurance in case there is ever an accident on the property.

Whether you are looking for a residential mortgage to purchase a house, personal mortgage to invest in a new business opportunity, we can help. Whatever the situation may be, submit your online details by filling the form provided and talk to one of our qualified mortgage advisor`s to discuss your mortgage needs.

After you submit your details, the information will be forwarded to the consultant team. An experienced mortgage advisor will analyse your financial situation and mortgage requirements.

Market is filled with many mortgage advisors, but First Choice Finance sets itself apart from others by offering personalised services.

What Is A Mortgage - Mortgages are loans to buy property, mortgage loans are generally long term loans where the customer may typically take on the mortgage from 15 to 30 years depending on their circumstances and the mortgage company they borrow from. The mortgage loans might be obtained either directly from a mortgage lender or through intermediaries such as mortgage brokers & advisers.

Before getting a mortgage you should educate yourself as much as much as possible as getting a mortgage is the biggest financial commitment many of us will ever make. Our site helps bring together some useful tips and information to assist you along the way.

There are certain important terms, which are required to be known under mortgage loans:

Property: the property, home, or building you will be buying.
Mortgage: before selling the property the lender creates particular security constraints such as payment of outstanding debts.
Lender: the bank or the fiscal intermediaries.
Borrower: the individual getting the mortgage loan.
Interest: prices for using the lender’s finance, obtained.

In certain situations, the borrower must pay to the lender some extra payment apart from that of the principle and interest for the mortgage loans take. Such additional costs may be for lenders fees, property valuations, etc. As a normal practice, the quantity necessary for the additional payments is calculated and broken up into monthly fees, which are added to the expense of principle and interest. Such amount, which is collected is placed in an account called escrow account and the payment of taxes and insurance are made per annum when needed. There are numerous kinds of mortgage loans, which change according to various characteristics.

You should read up on mortgage types and search out the best offers which suit your circumstances. Take your time and ensure you get the best deal for you!

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.