Holiday homes

Whether you are interested in buying a holiday home in the UK or abroad, you will probably need to a mortgage to enable you to do so.

The UK staycation market has been booming since lockdown. Investors have been looking at holiday rentals, particularly in areas such as Cornwall, Devon, the Lake District and the Cotswolds. They may intend to use the property part of the year themselves, renting it out to staycationers who don’t want to get on a plane the rest of the time. A growing number of lenders offer holiday let mortgages for this purpose.

A holiday home overseas is still a goal for many – to use for holidays once we are allowed to travel again, to rent out the rest of the time to generate an income, and perhaps to retire to at some point in the future.

SWG can advise on mortgages for holiday homes both in the UK and overseas. Whether it is through a UK-based lender or one based in the country in which you are buying, we can guide you as to the best mortgage for your circumstances.