Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
From cottages in Cumbria to caravans in Cornwall, when it comes to mortgaging your holiday let property, our buy to let mortgages are here to help. We can even provide funding if your property is classed as non-standard and needing renovation.
We consider applications from foreign nationals, based in the UK and abroad, and British expatriates. Additionally, we do not require applicants to own a personal residential property or earn a minimum income amount to qualify for a Buy to Let mortgage on holiday rental properties.
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:
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Find out hereYes, a Holiday Let mortgage is specifically designed for landlords who want to rent their property out on a short term basis. It differs from a Holiday Home mortgage, which you’d take out on a second property intended only for your own personal use.
Typically you can borrow up to 75% of the value of the property you’re purchasing.
Holiday Let mortgages are based on a projection of rental income, as well as your own personal income. If it’s an established holiday let with historic rental income we can use that. This only applies to cases where the property has been trading as a holiday let for two years.
For this we can use up to 80% of projected rent, on the basis occupancy was at least 80% too and the projected income is in line with previous years.
Most lenders will ask for a 25% deposit for a Holiday Let mortgage.
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.
