Holiday Let Mortgages
- No hidden fees.
- Personal relationship.
- Holiday let mortgage experts.
- Flexible appointments.
Book a free call to speak to one of our advisors. We'll talk through your options and see if we can help you realise your dreams.
Holiday Let Mortgage Specialists
Our expert team have been helping clients find the right Holiday Let Mortgage since 2015 and we’re here to help you, too!
We’ll work closely with you to help you achieve your dream of a holiday let cottage, house, flat or mansion.
You might want to buy a second home to share with friends, and family. Or perhaps you'd like to let it out and retire there later… There are many ways to enjoy a holiday home. Our experts will help you find the right mortgage for your needs.
Just complete the quick form below to ask Holly our AI Assistant to scan the market and give you an indication of what your Holiday Let Mortgage could look like.
Sally couldn’t have done more to help me secure a house and mortgage over the last 12 months. The phrase going above and beyond doesn’t describe enough, how thoughtful and dedicated Sally has been to getting me across the line.
Thank you!
Sally couldn’t have done more to help me secure a house and mortgage over the last 12 months. The phrase going above and beyond doesn’t describe enough, how thoughtful and dedicated Sally has been to getting me across the line.
Thank you!
Sally couldn’t have done more to help me secure a house and mortgage over the last 12 months. The phrase going above and beyond doesn’t describe enough, how thoughtful and dedicated Sally has been to getting me across the line.
Thank you!
Discovering what types of mortgage you need to fit the property you love is a real eye-opener. Our expert mortgage brokers know the holiday let mortgage market intimately and always aim to provide a bespoke service to every client. We’ll be with you every step of way and help you to achieve your dream.
Everyone is different, and getting any kind of mortgage can feel overwhelming at times; a bit like climbing Everest. So, we’re careful to explain what’s needed to work out how much you can borrow for a holiday let and how the process works.
We’ll advise you on what documentation will be required and will handle the whole application process for you. With a holiday let mortgage there’s a lot to think about – no worries! Our experts will guide you up that mountain because we’ve climbed it many times before.
Working hard to understand your situation is what we do. And as part of that, we’re able to explore different lenders to find the mortgage that suits you. Furthermore, we can put you in touch with specialists such as holiday lettings agents so that you’ll find that dealing with rental income projections, estate agents, solicitors, and conveyancers is simplified and understandable.
A Holiday Let Mortgage is designed for buying a property you’d like to rent out to holiday makers.
When it comes to mortgages, there’s a big difference between a holiday home and a holiday let mortgage. If you’d like your second home to be a bolt-hole for you and your family you’ll need to apply for a Holiday Home mortgage.
And don’t forget: a buy-to-let property isn’t the same as a holiday let property. It’s another animal entirely! Buy-to-let is when you want to rent out a property to tenants on a long-term basis.
You could use your holiday let property yourself, but in order to qualify for a Holiday Let mortgage you will need to make the property available for holiday makers to rent. It should be fully furnished and available for a minimum of 210 days every year.
You can’t buy a property to let out to holiday makers or advertise on Airbnb using a standard home buyer mortgage, a First Time Buyer mortgage or a Buy to Let mortgage.
We are here to help you navigate the application process and address all of the Holiday Let mortgage provider’s requirements. We will work to understand your financial position and help you to prepare all the information needed to find the right mortgage for you, including Holiday let rental projections. Please get in touch if you would like to ask us any questions
It will depend on several factors and each lender has their own way of calculating how much they will lend you, but in principle they will all consider several key pieces of information. Unlike a homeowners mortgage, the principle driving factor is the potential rental income your Holiday Let property will yield. :
- You will need to have a deposit of at least 25%. Lenders judge a Holiday Let mortgage as a higher risk than a standard residential mortgage and expect a higher deposit.
- The lender will then look at the potential rental income you will generate from your chosen property. The projected income needs to be higher than the monthly mortgage repayments to cover any periods when no-one rents it out. You will need to get a Holiday Letting agent to quote for expected weekly rental rates in low, mid and high season for a period of at least 30 weeks. Please get in touch if you would like help finding a suitable Letting Agent to help you with these projections. We are here to help!
- They will take into account your current income, or financial situation if you don’t work.
- Most will lend up to 60% of the property value, some 75% and one or two 80% of the property value, depending on your personal financial circumstances and the other factors mentioned.
- Most lenders will offer a minimum mortgage value of £50,000 with some offering up to £1million or £2million.
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01453 887179Alternatively, complete the form and someone will get back to you.
