Serviced Accomodation is referring to fully furnished properties available on short-term and long-term basis, offering similar facilities to what hotels can offer.
It is a relatively new strategy within investment properties in the UK, offering a ‘home from home’ experience with much more flexible opportunities compared to buy-to-lets, despite being the same type of properties. This generates much higher returns as you can command a much higher rate compared to a 6-month tenancy.
In terms of a serviced accommodation mortgage, it allows you to borrow up to 80% of the loan to value (LTV) using an investment residential property as security.
Serviced accommodation investment mortgages are available with specialist lenders, with our wealth of knowledge and experience, we are here to guide you through the process.