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Case Study: Expats looking to expand their UK BTL portfolio with a holiday let property.
The clients were an expat couple living in Switzerland. They owned two AST Buy to Let properties in the UK and were looking to make their first UK holiday let investment.
The situation
The holiday let property was based in the North of England near the popular holiday location of the Lake District. The yields were promising and so the couple were looking for a lender who could take into account their existing letting experience in the UK so they could purchase the property.
The solution
Castle Trust Bank provided a TermTen loan at 75% LTV, fixed for 2 years at 4.61%. This gave the clients the opportunity to purchase the property in a popular location and make the most of the growing UK holiday market.
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