With a holiday let mortgage from the Ipswich, your client can earn a rental income from their perfect holiday home whilst retaining the flexibility to return there for up to 60 days each year. Available for first time landlords and with no maximum age restriction, our new product range may be just what your client is looking for.
As the Great British ‘staycation’ becomes ever-more popular – particularly as the Pound doesn’t go as far as it used to these days – the holiday let market is booming, with more and more landlords taking advantage of this increasingly attractive market.
That’s why we’re pleased to announce we have expanded our buy to let criteria to include holiday let products for properties in our heartland area – perfect if your client is looking to rent out their Suffolk seaside cottage, modern city apartment in Cambridge or a woodland retreat up in the Chilterns.
Holiday let with the Ipswich – key features
- Available for loans up to 80% LTV
- Minimum property value £100k – loans from £75k up to £500k
- First time landlords accepted – applicant must be an owner occupier
- Terms up to 25 years
- Flats and leasehold properties considered
Plus, for your clients who are brave enough risk the weather and spend their summer at home, our products allow your client to return to their property for up to 60 days each year.
The property must be on own title, of standard construction and a single dwelling and must be located in Suffolk, Norfolk, Essex, Cambs, Beds, Herts and Bucks. Airbnb lettings will not be accepted initially. At least one applicant must earn at least £25k annually, minimum age 30 (21 if currently a landlord), no max age limit. Max 3 properties in portfolio including new application.
You can find more details on our website or give us a call on 0330 123 1073.
If you’ve got a case in mind speak to us:
E: bdt@ibs.co.uk
T: 0330 123 1073
W: www.ipswich-intermediaries.co.uk
Don’t forget you can submit your cases to us online by registering with our panel.
Details correct as at 21 August 2019
