Holiday Lets in Ipswich, Suffolk

Extensive Range of ServicesAcross all lending sectors

Friendly Professionals delivering honest and knowledgeable advice

Whole of Market Accessfinding the right solution for you

Remote Servicingexpert advice without you leaving your home or business premises

Short term lets

Holiday Lets are very similar to a standard buy to let with the key difference being than instead of assured shorthold tenancy agreements (ASTs) being for 6-12 months they are on a much shorter basis such as maybe a weekend or a fortnight.

These take up a small percentage of the market and tend to be mostly provided by smaller building societies, the small amount of numbers is reflected with rates being higher than standard buy to lets.

Lenders will often cap the maximum loan to value (LTV) at 75% with the best rates obtained at the 60% LTV mark.


More about holiday lets

Rental income must be assessed differently as holiday lets are most often rented in the warmer months so rental income will fluctuate with the seasons, lenders can assess rental income by speaking to a local agent for an opinion or they may take a yearly average and combine the high/medium/low seasons income.

One very large benefit of holiday lets is that they are not affected by the changes in tax relief which began in 2017 which means that unlike standard buy to lets, the mortgage payment of a holiday let may be written off as an expense when it comes to doing your self-assessment if it meets certain criteria such as being furnished, up for letting 210 days a year and actually let out for at least 105 of those, but you would need to speak to a qualified accountant regarding this.

Get in touch with us for more details.

Contact us

See What Our Customers Think

  • My partner arranged to meet Aaron Scott without me at first, and made a bit of a mess of trying to explain what they discussed when he came home which... read more

    Megan Hudnell Avatar Megan Hudnell
    December 6, 2023

    Excellent service, found the company to be really professional and listened to my lending needs. No hesitation to recommend

    Jo Kerley Avatar Jo Kerley
    December 5, 2023

    I cannot fault Aaron Scott, so helpful, I would totally recommend using these brokers! Superb

    kelly uren Avatar kelly uren
    December 3, 2023

    Aaron was very helpful and quick at responding. Continuous communication helped us to understand where we were with our mortgage progress. All process was short and successful with Aaron's help.

    Dee Dack Avatar Dee Dack
    December 3, 2023
  • Great bloke helping me and my mum sort something out

    Harvey Young Avatar Harvey Young
    December 1, 2023

    One word, wow! Had the pleasure of dealing with Aaron Scott when seeking out our next mortgage fix. He was very knowledgable and helpful, and very flexible to help us... read more

    Markeese Hudnell Avatar Markeese Hudnell
    December 1, 2023

    I was put on to Aaron at Try Financial through a mutual friend, absolutely brilliant service and provided a seamless experience with my 1st time buying a property. Would highly... read more

    Pete Sears Avatar Pete Sears
    November 30, 2023

    Aaron has been extremely helpful throughout this process, achieving exactly what we wanted and always polite and quick to respond. We will certainly recommend Aaron and continue to use him.

    Tom Cuckow Avatar Tom Cuckow
    November 23, 2023

Get in touch with us today for fully independent, expert mortgage lending and protection advice

©Try Financial