Holiday Let mortgages

Holidays have changed. So have holiday lets
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  • For purchase or remortgage.
  • Borrow up to £2.5m.
  • Borrow over 4 to 30 years.
  • Variable, fixed-rate and interest-only options .
  • Borrow up to 75% of the property's market value.
Consolidating unsecured debts with secured lending may increase the amount repaid overall.
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Hotels? Old hat

Holidays have changed, and holiday lets with them. For instance, holidaymakers often book accommodation direct via services like Airbnb. And we know that, as a result, not all holiday rental properties are quaint country escapes. So we can secure your holiday let mortgage on high-rise city centre apartments, as well as those characterful period properties with thatched roofs.

Changes to regulations and taxation mean that being a residential landlord isn't as lucrative as it once was. Switch to a holiday let and you'll enjoy different tax rules, and in parts of the UK you may even find them more profitable than traditional rental properties.

We could even help if:

  • It’s an ex-council property.
  • You’re self-employed, work several jobs, or have already retired.
  • You’ve got less-than-perfect credit.

Simply get in touch to learn more.

Can a first-time buyer have a buy-to-let mortgage? 

Yes, we’ll consider applications from first-time buyers for a Together Buy to Let mortgage and treat them the same as anyone else. This includes both first-time property investors and people who’ve never owned their own home as well.

How many buy-to-let mortgages can you have? 

There’s no strict limit, but some mortgage lenders will put a limit on how many mortgages (or how much you’ve borrowed overall) they’ll let you have. Here at Together, we have no such limits.

Some investors who own lots of rental properties may instead decide to have one very large mortgage that covers all of them, so they have a single monthly payment to meet.

This is known as a portfolio buy-to-let mortgage and is secured against all of their properties at the same time, and is something we also offer.

What fees will I have to pay on a Together buy-to-let mortgage? 

We charge an Arrangement Fee, and some of our Buy to Let mortgages include an Early Repayment Charge, which you'll pay if you elect to remortgage with another lender or repay your loan in full before the term ends.

We also charge a Redemption Administration Fee when you 'redeem' (i.e. fully repay) your mortgage, to cover costs associated with closing your account and dispensing our legal claim to your property.

All of these fees can vary, so we'll ensure that the fees that apply to your particular mortgage are clearly explained before you sign on the dotted line.

Other fees and charges may be applied to your account during the life of your mortgage, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges.

How much can I borrow for a buy-to-let mortgage with Together? 

We offer buy-to-let mortgages of anywhere from £30k to £2.5m – and sometimes more! If you want to borrow a large amount (i.e. over £1m) we may or may not insist on you putting in a larger deposit or more equity.

How much deposit is needed for a buy-to-let mortgage with Together? 

We have several Buy to Let mortgage products, and the minimum deposit (or equity, if you're remortgaging) we insist on varies based on the property and your circumstances. As an absolute minimum, you'll need to put in 25% of the property's value.

However, if you also own other properties and have sufficient equity, we may be able to use these as additional security to lend you 100% of the value of your new purchase.

Any property used as security, including your home, may be repossessed if you do not keep up repayments on your loan or any other debt secured on it.

Loans provided by Together Commercial Finance Ltd. are not regulated by the Financial Conduct Authority.