Some investors use buy to let mortgages for their SA (serviced accommodation) properties.
They shouldn’t.
Technically they could be committing mortgage fraud. Why? Because buy to let lenders assume a tenant with a tenancy of at least 6 months, maybe longer, but SA is all about short term occupancy.
However, the good news is that there are lenders who will do specialist mortgages if you want to go do down the SA (short term lettings) route.
My very good mortgage broker describes what’s required in this video.
By the way, if you’d like me to put you in touch with my very good mortgage broker to discuss any aspect of buy to let lending and mortgages, please email me:
peter@ThePropertyTeacher.co.uk
Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://thepropertyteacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
https://thepropertyteacher.co.uk/the-successful-property-investors-strategy-workshop
