Serviced accommodation is one of the fastest-growing sectors in the property rental market. It provides tangible benefits to both landlords and guests with high-liquidity and high tenant turnover.
This type of investment falls between a traditional holiday-let and a hotel, making it increasingly popular among tourists, business travellers, and tenants looking for longer stays.
What is Serviced Accommodation?
Serviced accommodation is a furnished property that provides amenities, housekeeping, and other services for guests within the cost of the rental.
It should be a step up from a hotel room, providing a homely experience with everything apart from food included in the rental price.
What are the benefits of Serviced Accommodation for Landlords?
Serviced accommodation provides the flexibility of being able to offer the property for short periods as well as longer lets. The rental income from serviced accommodation is also higher than a standard buy-to-let - providing the occupancy levels are high.
What type of mortgage do I need for Serviced Accommodation?
A standard buy-to-let mortgage is not suitable for this type of investment and you will need a commercial mortgage to fund serviced accommodation.
Serviced Accommodation Top Tip
Like with any rental property, location is key to both maximising income and maintaining, or growing, the value of your investment.
If you choose a desirable area and market your property at a fair price, you should be able to find guests. If you invest in a less popular location or at the wrong price, you could have significant void periods.
Are you interested in learning more about financing your serviced accommodation investment?
Secure the best solution for your investment.
Why Ramsay & White?
Our award winning team stays up-to-date on the latest products, rates, and regulations, so you can be confident that you're getting the best possible advice.
We make any property financing stress-free by guiding you every step of the way. We'll work with you to gather the required documentation and will be there to answer any questions you may have throughout the process.
As a leading expert in property finance in the UK, we have access to a wide range of mortgage products and lenders. This allows us to offer competitive rates and terms that may not be available to individual borrowers.
We understand that every client's needs are unique, which is why we take the time to understand your goals and financial situation, and work with you to find a financing solution that fits your needs.
After completion, we provide continued support to all of our clients, answering any questions you may have and help with any of your future property finance needs.
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