Jump to content
House Price Crash Forum
Sign in to follow this  

Scarboro Building Society Has New Loans For Holiday Btls

Recommended Posts


LONDON (Citywire) - A new mortgage from Scarborough Building Society allows buyers of holiday homes to borrow with the maximum loan based on the
expected income
from holiday rentals, rather than the borrower's earnings.
Buy-to-let lenders are usually prepared to take rental income into account when calculating the maximum borrowing, but almost without exception,
lenders have been very wary of taking holiday rental income into account.
This new product is likely to prove very popular with buyers of second homes who intend to rent out the property for short holiday rentals to help cover mortgage costs and has been launched as a result of research amongst brokers as to
what borrowers want

With the economy headed toward recession as high street sales continue to tank the last thing an investor needs is a speculative holiday home bought at the wrong side of the top of the market. The desperate VIs need to issue health warnings to any sheeple that go for this offer!

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.