Financing
Explore all your options
A quick and easy purchase
The quickest and easiest way to purchase your new holiday lodge in Cornwall is through a bank transfer. Once the funds are confirmed, the holiday home is yours to enjoy and you also have the freedom to decide if you would like to join our Premier Letting Service, or keep your brand-new lodge all to yourself!
YOUR FINANCING
choices explained
For cash buyers, there are no restrictions on your own use of your holiday home, so you could decide to let it for a couple of weeks, the majority of the year, or not at all. If a cash purchase is not an option for you, you may want to consider exploring personal finance with your lender of choice, or a mortgage.
Our holiday homes are built to new home building regulations, registered with the land authorities, have a structural warranty and a 999-year lease, so unlike many resort-based holiday homes you are able to purchase with a mortgage.
Get in touch
Come and see for yourself
If you are interested in buying a luxury holiday home, the Sales Team are looking forward to showing you around. Get in touch to find out more and arrange your personalised tour.
Call 01209 844137
Consider a commercial mortgage
Holiday let or commercial mortgages
If you decide to take advantage of our Premier Letting service and want to rent out your holiday home to assist with your running costs, you will require a specific holiday letting or commercial mortgage product. A holiday let mortgage places limitations on how long you can reside in your holiday home, which would usually be no longer than 90 days in one year. However, this also puts you in line to hit the criteria for any tax benefits associated with Furnished Holiday Lets which requires that you make your property available for rent 210 days of the year. A commercial mortgage does not place any limitations on your personal use.
WE’LL INTRODUCE
specialist providers
Holiday let mortgages are not a widely available product and can require a higher deposit and higher rates than a standard mortgage product.
However, the interest that you pay on the mortgage is exempt from tax. It can also be harder to find a lender who will provide a mortgage product for a resort-based holiday home, but we will be happy to introduce you to specialist providers that we have sourced who can provide a suitable mortgage for you to consider.
Calculate you potential income
Premier Letting
When considering all the costs and how to finance your purchase, you may also want to consider the potential income your holiday home could generate and the tax implications.
Holiday home owners at Gwel an mor earn up to £36,500* a year and it is possible to save up to 25% of the value of your property in tax**.