Copofi allows you to decide the term of your tenancy; be it 1 day or 18 months allowing you to let out on holiday or traditional let basis
We are working with our finance partners to ensure we offer competitive Buy-to-Let mortgage rates.
Customised Lending Solutions
No one-size-fits all approach. We consider holiday rental income as part of the application, that no High Street bank does
“If your property has a mortgage (or any form of loan secured against it) you should check that there is no prohibition against subletting, or any other restrictions against hosting.”
“Home owners letting a property directly run the risk of invalidating the terms of their mortgage, meaning that in a worst-case scenario a lender could ask for full repayment.”
“Most lenders do not allow borrowers to offer short-term lets on their properties, whether on an owner-occupied or buy-to-let mortgage” said Bernard Clarke, spokesman for the Council of Mortgage Lenders (CML), which represents 97% of the industry.”
“Landlords who use short-let websites to find tenants may be in breach of their mortgage regulations.”
How it works
1. Loan Application received
Copofi will underwrite the mortgage for adual purpose, traditional and holiday rental income.
2. Sympathetic and Fast process
We understand landlords needs and look holistically at their situation. Don’t worry we will still be quick!
3. Mortgage advanced
Once approved the landlord can take in tenants on a short or long term basis. We don’t do silly stipulations.