What are let holiday mortgages?

by Sean Horton
Let holiday mortgages are designed for people who are buying a holiday home that they also wish to let. These types of mortgages can differ in terms and conditions quite wildly from traditional residential mortgages and buy-to-let mortgages, so you should always seek specialist advice to ensure that you get the mortgage that is suitable.

There are lots of benefits to buying a let holiday home. Many people see the property as a pure investment while others see it as a home-from-home where they can enjoy their holidays in a place that pays for itself when they are not there!

Also, many people are now investing in holiday let properties for their future - by purchasing their ideal retirement home now, when they come to retire, they could possibly own it outright!

And with warmer and longer summers in the UK and people generally being more 'green' and therefore avoiding flying because of carbon footprints, the demand for UK holiday homes has definitely increased.

With the rental income on a property for a week in a desirable area raking in around ?600, you can easily keep the mortgage repayments covered providing you have a steady stream of tenants.

So, it is certainly exciting times for anyone looking to buy a holiday home. As the concept has become more appealing to people recently, there has been a greater demand for suitable mortgages, which means there are a good variety to choose from in the marketplace.

If you are considering a let holiday mortgage, then do note that most lenders will require you to use equity from your current home for a percentage of the value. However, some will allow you to take a standard mortgage providing that you have proof that your own personal income can meet the monthly repayment on the mortgage comfortably.

Getting a let holiday mortgage can be confusing, but as long as you investigate the market and seek specialist advice, you could soon be enjoying your very own money-making home in the Sun!
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Mortgage Marketing, 5 Tips to Live

By by jay conners
For those of you working in the mortgage industry it is very important to keep your mortgage marketing activities in your daily activities. Here are a few helpful tips to keep in mind. Some may seem obvious. But please read on, they come with a fresh new outlook and revisiting the basics once in a while never hurt anyone.

1. Business Cards

It is very important to market yourself via business cards. You should be making a conscious effort to hand out ten per day at the very least. Have them on you at all times, and keep a supply in your car just in case. When doing business with someone, don't give them just one business card, give them two, and ask them to refer someone to you.

2. Mailers and Reminders

Keep a tickler file handy on all of your customers birthdays, kids birthdays, and anniversaries. Send them a card to wish them well on their special occasion. They won't be expecting it, making them all the more appreciative, it also keeps you in their thoughts, reminding them that they know a mortgage specialist that they can refer should the topic ever arise. It also gives you a reason to send out more business cards and keep them circulating. Remember, the average home owner refinances, or purchases on average every three years, so it is important to stay in front of your customer.

3. Phone Numbers

Giving your phone number to your customer seems obvious, but it is equally important to give them your cellular phone number as well as your work number, and let them know that they can feel free to call you at any time, this will personalize the relationship you have with your customer and give them a comfort zone where they feel as though they can really trust you.

4. Become Active

Become active in local organizations and charities, here are a few examples:

* Chamber of Commerce * Rotary * Lions Club * Networking Groups * Church * Local Youth Athletic Associations

5. Apparel

Wear your company's logo, It doesn't hurt to have a few polos or dress shirts in your wardrobe with your company logo on it for attending special events or just going out to lunch, lets face it, it's free advertising, and it shows that you take pride in the company that you work for.

To sum it all up, you basically want to keep your name and your face in front of prospective customers. When they need a mortgage product you want them to think of you and you only.
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