Getting a mortgage isn’t easy and when it comes to getting a holiday property mortgage it can seem almost like an impossible task. However, there are specialist holiday let mortgage brokers who can help you find the right mortgage.

You can use the internet to your full advantage when looking for your mortgage, by searching online and choosing the best deal possible. Using the net takes the hassle out of looking for holiday property mortgages by putting you in touch with independent brokers who specialise in the holiday property mortgage, making it easier than ever before for the potential holiday let investor to own their holiday home.

You are able to take advantage of some very valuable tax savings when it comes down to letting your holiday home, due to the letting of your holiday home being classed as “generating earned income” and therefore being treated as a business. However there are some regulations which will have to be taken into account set out by the Inland Revenue.

One of the tax advantages of owning a holiday property is that if you were to make a loss on the earnings which the property brings in then you can realise a tax advantage.

In order for you to get a holiday property mortgage then the property must first be classed suitable for a holiday let, to comply with this then there are certain criteria which you must meet.

The property must be furnished and of course be in the UK. It must be available for letting for a minimum of 140 days per year and it must be let as a holiday home for at least 70 days a year with the 70 days being commercial lets.

You are also not allowed to let your holiday home to the same person for longer than 31 days in the year.

The holiday property mortgage can be confusing to say the least but the best and easiest way to find one is by using a specialist broker. As always, make sure you read the small print of any mortgage you take out and remember that you could lose your property if repayments aren’t kept up.