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CHL Mortgages enters short-term rental sector
Reading Time: < 1 minuteUK: CHL Mortgages has entered the short-term let market with the introduction of a five-year fixed rate product range.
UK firms expand holiday let mortgage programmes
Reading Time: 2 minutesUK: Multiple UK building societies have created new mortgage programmes designed specifically for the holiday home buy-to-let market. YBS, Teachers for Intermediaries and Leeds Building Society have all introduced mortgages designed to capitalise on UK holiday let market growth. These companies are taking advantage of a twin set of developments within the British economy. Firstly, […]
Mortgage lenders expect rise in holiday let loans
Reading Time: 2 minutesUK: With the shadow of Brexit impacting on travellers’ wallets and their options, mortgage lenders are expecting to see a rise in holiday let investment. 85 per cent of brokers in the UK are predicting a rise in applications for holiday let loans, with 29 per cent of those expecting that to be significant. Simon […]
Holiday property site Vaycaychella acquired by major investor
Reading Time: 2 minutesUS: WSGF Inc. (World Series of Golf) recently announced the acquisition of holiday property technology website Vaycaychella, a prequel application to rental sites such as Airbnb and VRBO. Unlike other major applications, all of which connect renters with vacation property owners, the new site attempts to “empower people to become vacation property owners in the […]
UK buy-to-let mortgage market adapting to short-term rental market
Reading Time: < 1 minuteUK: The growth of Airbnb and other vacation rental sites is forcing change within the buy-to-let mortgage market. A landlord seeking to switch their income model from traditional assured short-hold tenancy (AST) agreement to a vacation rental will be required to remortgage by their lender before they can change the use of their rental property. […]