The product criteria is outlined below:
Arrangement Fee 1.95%
Rates start at 4.89% plus base rate, with rates at 70% LTV at 5.39% plus base rate.
Roma’s solicitors work on a dual representative basis providing a prompt service.
Scott Marshall, managing director at Roma Finance, said: “Holiday lets can provide property investors with another income option rather than the buy to let route which has seen a lot of changes in recent years.
“Monthly rental income and yields can be higher than many other forms of property investment as renters are looking at the location of the property and using it to visit local beauty spots and landmarks.
“We’ve seen an increase in enquiries about this type of finance on well-located houses and apartments and the ‘staycation’ is also proving to be a popular choice for many.“
Matt Lenzie from Commercial Mortgages Broker said: “this is a great addition to Roma’s product range, and demonstrates their growing appetite for a series of niche products. Many of our clients struggle to borrow against holiday lets, particularly in their early stages of ownership, therefore this product should certainly help.”
Book a free consultation with our team today to discuss your funding requirements.