Case Studies - West One Specialist Lending

First-time landlord converts 17th century barn into holiday let.

Written by West One Loans | Jul 23, 2021 12:10:47 PM

Staycations are rising in popularity driving an increase in demand for holiday rental mortgage products, with a marked increase in the number of first-time landlords looking for finance.

While many lenders are uncomfortable lending to first-time landlords, West One do not require any previous holiday let experience. Instead, we treat every client and case as an individual, this approach allowed us to successfully help our client to convert their 17th century Somerset barn into a high-end holiday rental.

 

  • Loan value
    £510,000
  • LTV
    66.67%
  • Development value
    £750,000 
  • Loan term
    25 years