Holiday let mortgage

With potentially higher yields available on holiday or short-term tenancy properties compared to standard buy-to-lets, this may be an attractive proposition for potential investors and landlords. 

What's more, finance is available on a first or second charge basis with a maximum loan amount of £2 million.

We’ll consider many income sources, credit profiles and property types. If we can help, we will, it’s what we call common sense lending.

Key features

• first and second charge available
• loans from £5k to £2m
• rates from 6.99%
• 2, 3 and 5 year fixed rate options available
• up to 65% loan to value (LTV) on loans up to £500k
• up to 60% LTV on loans greater than £500k (above 60% LTV by referral)
• interest only and repayment options.

We’ll consider holiday let finance for:

• holiday homes and cottages
• normal brick built houses, ex-council houses, flats and maisonettes
• high-rise properties (yes, even ones above 6 floors)
• properties with poor valuations (when the property is in a less than perfect condition)
• non-standard constructions (when the property is a little out of the ordinary)
• normal brick-built houses, flats and maisonettes.

Our lending criteria

To qualify for this product, as a minimum, you must:

• have relevant holiday let insurance in place
• have relevant planning permission where required
• where the property is leasehold, confirm letting on a short term basis does not cause a breach of your leasehold agreement
• where we are lending on a second charge basis, confirm the first charge mortgage lender has consented to the use as a holiday let
• be at least 18-years old.
• have no more than 6 demerits on your credit profile in the last 12 months and not be bankrupt.