Forecasted rental income

Antony173
Level 1
England, United Kingdom

Forecasted rental income

Hi, 

 

I am looking to secure a holiday-let mortgage and my broker has asked for a ‘forecasted rental income’ so they can see how much the property is going to bring in to check affordability. Apparently this is something I need in writing for. Air BNB but they don’t seem to be able to help? Has anyone come accross this before and how I get around it? 

thanks in advance 

1 Reply 1
Helen3
Top Contributor
Bristol, United Kingdom

The only way I know you can get this if it's not a prexisting holiday let is to work with a holiday let company that will manage your bookings @Antony173  who will give you an estimate.

 

dont forget many UK markets are oversaturated so its not as easy to turn a profit as many think particularly with a holiday mortgage to cover. 

 

Airbnb is just a marketing company for STRs they would not  be able to give you a market estimate for mortgage purposes