A remote holiday rental success story

Our client got a bridging loan to buy and fix up a holiday rental in a remote part of Scotland. As their loan term came to an end, they needed to pay it off fast to avoid extra fees. But there were some tricky problems.

First, the property was in a remote area in Scotland, making things hard. Also, it was an old stone building listed for its historic value. On top of that, the holiday rental business didn't have much trading history or accounts.

Despite all this, our team got to work. We found a new loan for £278,900, which was a term buy to let product designed for holiday lets. What’s more, we used the lender's fast internal legal process to get it done quickly. Thanks to our help, the client paid off their loan on time and avoided extra fees.

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.