Holiday/Second Home & Holiday Let
There are many mortgage options available for people looking for a holiday home, whether it be as an investment to rent out, or for use exclusively by yourself and your family.
Technically a holiday home will be classed as a second home, unless you plan to rent it out for most of the year. So what is the difference between a second or holiday home versus a holiday let?
Firstly, a holiday home is one that is likely to be kept empty for a large portion of the year. You may come and go for your holidays, but you won’t have other visitors staying there and paying you rent.
Secondly, a holiday let property will be an investment, meaning you will be responsible for maintaining the property and trying to attract regular visitors to increase your rental income throughout the year.
