Holiday Let Mortgages

  • No hidden fees.
  • Personal relationship.
  • Holiday let mortgage experts.
  • Flexible appointments.

Book a free call to speak to one of our advisers. We'll talk through your options and see if we can help you realise your dreams.

Holiday Let Mortgages 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.

Holiday Let Mortgage Calculator

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.

Give us a call on 01453 887179


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How we can help you

Discovering what type 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. 

Matt HatchMatt Hatch
20:53 20 Nov 23
Applying for a mortgage as a first time buyer couldn’t have been easier with HHH mortgages. Extremely helpful and professional at every turn. I had the pleasure of having Mark and Caroline dealing with my case, any questions were answered and dealt with very quickly, couldn’t recommend enough!
Niklas MarksteinerNiklas Marksteiner
15:00 05 Oct 23
I would highly recommend House and Holiday Home Mortgages. Mark and his team were always on hand to respond to any queries and the many questions I had as a first time buyer. Each response was prompt and the team accommodated with calls outside of my working hours which was really appreciated. The process was straightforward and they helped me find a great deal.
07:27 18 Aug 23
Sally has been fantastic from start to finish. She made the process seem simple, and found me a great deal. She was really friendly and proactive and was always there straight away if i had any questions. It was really great service.
Josie & PatrickJosie & Patrick
17:17 03 Aug 23
We recommend Mark and the HHH team to anyone we know looking for mortgage or remortgage advice. We have always (having first contacted Mark over 7 years ago) received excellent advice and support. We felt completely in safe hands with Mark. Thank you so much to everyone at HHH for years of excellent service.
Daniel SoarsDaniel Soars
16:43 01 Aug 23
I would heartily recommend Mark and his team. From the moment I first contacted them, they have replied promptly, explained things patiently, and spent time getting to know me and my situation. They have made the process of remortgaging about as hassle-free as it can be!
Terry HoodTerry Hood
07:42 28 Jul 23
Excellent service and very quick with results. I will definitely recommend them to people.
Bill GreenoffBill Greenoff
22:39 22 Feb 23
Mark Stallard has advised us well in all aspects of arranging our Life Time Mortgage with a relaxed, friendly approach. His knowledge of the concept and the market has been completely reassuring, and his connections with the other professionals necessary to the process have made it a smooth journey to completion.
Paul DoddPaul Dodd
18:17 14 Feb 23
Mark and his team have been fantastic at finding great deals, quickly and efficiently. He has no doubt saved me thousands of pounds in the process. I cannot recommend HHH mortgages more highly!
15:23 14 Feb 23
Sheer perseverance and determination is Mark Stallard’s mantra. Our Lifetime Mortgage posed more than a few, what seemed like insurmountable issues; nothing defeated Mark in ultimately delivering a successful resolution. Someone with less experience could have struggled. Thank you HHH. We would recommend you for all mortgage needs.
Davina LangdaleDavina Langdale
14:37 11 Jan 23
I was so lucky to find Mark when I was in a complex situation regarding a property I wanted to turn into a holiday let. Not only did he achieve what had seemed the impossible by successfully obtaining that mortgage for me, he was also an absolute pleasure to deal with. The nicest person you could hope to meet! I will never use any other broker. Thank you so much, Mark.
Paula WalterPaula Walter
10:43 02 Jan 23
I cannot praise both Craig and Mark highly enough. Craig first explored every option to help with a difficult situation and nothing was too much troubke. Mark then took over our case . He was so patient and understanding and again explored every option for us . He finally found the best solution which was Equity release. He guided me all the way through and helped make the process so easy. We are now in a much better place due to these great guys. Thankyou so much HHH.
Hayley CliftonHayley Clifton
12:34 22 Dec 22
Mark at HHH has helped me with a number of mortgages now, both when I’ve been moving home and when I’ve needed to remortgage. Every time he’s been a pleasure to work with, and I’ve felt that he has my best interests at heart. I would recommend him wholeheartedly – in fact, I have done to many of my friends.
Sam EllistonSam Elliston
11:13 07 Dec 22
Craig was a personal expert, providing great advice and communication throughout the buying process for our holiday home. He dealt with shifting situations in mortgage products, sellers pulling out, and mortgage extensions without any problem and removed all of the stress from us – he has found us a great deal and been Uber helpful throughout. Thanks so much.All of the advice, patience, and expertise has been very much appreciated. It has created a really great moment for me and my family, to own a holiday home in a lovely part of Suffolk.
Emma BurryEmma Burry
07:19 22 Oct 22
Sally has made the process of buying our house very easy. She was always in touch with us- even when she was on holiday! She was always on hand to answer our questions and would reply to my emails on the same day. We have recommended Sally to any friends and family who are also remortgaging.
Jenni CluttenJenni Clutten
09:32 18 Oct 22
Sally couldn’t have done more to help me secure a house and mortgage over the last 12 months. I have finally completed on my home and I am so grateful for her advice and patience with me, as I embarked on trying to buy a renovation property in an extremely competitive housing market. I always had absolute trust in HHHM to ensure I was getting the best rates and that they were considering my long term needs. 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!
Lydia ColeLydia Cole
18:43 11 Oct 22
I cannot rate Craig from HHH mortgages highly enough. As a first time buyer I found the prospect of buying a flat quite daunting. Craig not only secured me a great deal on a mortgage but also supported me throughout the process of the sale through to completion. Craig was always on hand for advice and help and was particularly helpful at dealing with my solicitors and ensuring any problems were dealt with quickly. Craig also spent a lot of time chasing updates on my behalf which alleviated so much stress for me. I’m very grateful for all the work Craig put in and he’s been a joy to work with. I will definitely be recommending him and returning to him in the future!
Rachael BakerRachael Baker
13:33 14 Sep 22
Joe and Ben at HHH Mortgages were great! I had a few tricky circumstances to navigate, and they were both super helpful throughout, professional, and came up with solutions to make the entire remortgaging process a joy. Would highly recommend and definitely will be working with them in the future!
Pat TalbotPat Talbot
16:34 04 Apr 22
A professional company with a personal touch. It was good to speak with an advisor who not only listened patiently whilst we explained our problem, but relentlessly sourced a wide range of options with speed, care and attention to detail.
Claire HillyerClaire Hillyer
19:54 28 Mar 22
Since 2016, Mark has supported us in finding two affordable mortgages and (importantly) ones that have been just right for our needs. He has always listened to our requirements and helped us to explore different options. Mark has a caring nature and we’ve appreciated him guiding us through what could have been a stressful process. We would recommend him to anybody.
Elaine ReaderElaine Reader
19:23 20 Dec 21
Having entered the house-buying process with some trepidation, given our circumstances (self-employed, etc.), we cannot be more grateful for the superb service provided by Joe and Ben at HHH. They were always easy to contact, friendly, helpful, and took time to explain everything to us. The whole experience was notable for a level of care and attention to detail rarely seen.We cannot recommend them highly enough.
Paul JohnPaul John
14:03 01 Dec 21
A seamless, professional service, from start to finish. HIghly recommended. Mark took the time to understand our exact needs and matched us with the ideal product at a very competitive rate.
Annabelle MilesAnnabelle Miles
13:46 17 Nov 21
Brilliant service as always – Mark is a delight and answered all our questions about our remortgage swiftly!
James WatsonJames Watson
10:35 08 Nov 21
We have received superb service from House & Holiday Home Mortgages, and we would not hesitate to recommend them. From start to finish, Joe Stallard and Ben Walker have both been excellent – friendly, easily contactable, quick to reply to emails and totally professional throughout. It is fair to say that they have made the whole process a pleasure. Thank you!
Matt GMatt G
13:22 27 Jul 21
Sally helped me buy my first house in 2021, at the height of the stamp duty holiday property rush. She not only found an excellent mortgage deal, but was full of useful advice all the way through the process of house buying: from viewings to completion. Despite the busyness of the market, Sally was always responsive and efficient, finding and applying for mortgage deals with impressive speed.Would definitely recommend her to any first time buyers: made the whole process so much easier and went such a long way having someone on hand to explain the confusing world of house hunting.

What's special about a Holiday Let Mortgage?

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

Our most frequently asked questions

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
How much can I borrow?

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. Here's a quick look at the process:

  • You’ll need to have a deposit of at least 20%. 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’re 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 £5million.

What factors will a Holiday Let Mortgage provider take into account when assessing my application?

  • Your age. You will usually need to be over 21 and under 85 years of age.
  • Your current income or financial situation. You typically need to be earning at least £20,000 per year or be financially secure.
  • Rental income expectations. Most lenders will want to see typical rent per week in the low, medium and high seasons and a 30 week projection of rental earnings. They will usually factor in their own estimations of maximum occupancy and running costs so make sure you provide gross income projections.
  • Loan to property value (LTV). Typically the LTV is 60%, with some lenders offering 75% or 80% on occasion.
  • Loan size (usually between £50,000 and £1million, with a few willing to lend up to £2million).
  • Estimations of the running costs of the Holiday Let property. Mortgage providers will often factor in their own calculations of the cost of running the holiday let.

Don’t worry if your estimations of what you might be able to borrow don’t meet your expectations. Mortgage lenders calculations vary, and we can help you identify the best Holiday Let mortgage provider based on your circumstances. Just get in touch.

Do I need to be a current homeowner?

Typically, yes, but there are some instances where lenders will not require this. For example, if you live in a property supplied as part of your job.

Can I stay in my own holiday let property?

You can use your holiday let property yourself as long as you make it available for holiday makers to rent for a minimum of 210 days per year and successfully let it out for 105 days. Allowing friends and family to stay in the property for no or reduced rent does not contribute to days let out.

Remember, the Holiday Let mortgage provider will want to know that your projected rental income will more than cover your monthly mortgage repayment costs.

What are the advantages of a Holiday Let property over a Buy to Let property?

There are a number of advantages, but it ultimately depends on your investment strategy.

Firstly, you get to use the property yourself if you wish.

Another key advantage is the way HMRC views this type of investment. A furnished holiday let is deemed a business and all expenses you incur to generate your rental income, including mortgage interest, can be deducted from your rental income before you are assessed for tax. This is not the case for buy-to-let mortgages suitable for renting out property on a long lease.
We can’t give tax advice, but a good property tax specialist will be able to advise on what’s right for you.

What if the property requires refurbishment?

If the property you want to buy as a holiday let needs refurbishment you might not be able to get a holiday let mortgage immediately. This will likely depend on the scale of the work.

However, a bridging loan could be appropriate while the work is being done.  This is because a lender offering a holiday let property mortgage will want it to start making an income as soon as possible.

A bridging loan is a short term loan which doesn’t require monthly payments. Instead, you re-pay the whole amount with interest at the end of the term. This is typically no longer than 12 months.

What kind of properties can I get a holiday let mortgage for?

Typically, the property should be fit to live in. It should also be easy to sell on if need be. Properties on holiday parks, of unusual construction or properties that have restrictions on who they can be sold to, have annexes or more than one property on the title deeds can be a challenge but as specialists, we can discuss fully with you.

What are the other potential costs I should consider when thinking about buying a holiday let property?

As well as paying the mortgage you’ll need to factor in other likely costs associated with the purchase:

  • Stamp Duty
  • Conveyancing costs
  • Solicitor fees
  • Furnishing and decoration
  • Building and Contents Insurance

There will also be monthly costs to factor in such as:

  • Letting agent’s fees
  • Weekly cleaning costs and possibly laundry costs
  • Regular repairs and maintenance costs e.g., boiler servicing
  • Utility bills

What tax benefits are there with a holiday let mortgage?

A holiday let property is an attractive investment option because the HMRC views a furnished holiday let as a business. This means all expenses you have in connection with the rental income can be deducted before you’re assessed for tax on that income. This includes any interest you pay on your holiday let mortgage. You should always seek tax advice before making any final decisions and we’ll be happy to help you source the right advisors to work alongside us.

Could I buy a holiday let now and move into it once I retire?

The short answer is yes. It’s possible to do this. And in principle it might be a sound plan… but there are pros and cons to take into account before you make this decision:

  • Remember the value of property can fall and rental income is not guaranteed. The Covid pandemic made it impossible to rent out holiday properties and some owners were forced to arrange payment holidays with their mortgage company. It is important to be prepared for the unexpected.
  • The type of home you want to retire to may not be the most lucrative in terms of holiday rental. It might be better to consider a larger family-sized home for holiday rental now and plan to sell it once you are ready to retire.
  • Owning and using your holiday let part time will allow you the opportunity to explore a new area and decide over time if it’s s a place you’d like to retire to.
  • Areas change and what looks like a perfect spot now, might not be in 10 or 15 years’ time.
  • You’ll also need to ensure you have the right type of mortgage in place for when you do make that switch to living in there.

Could I get a holiday mortgage if I'm an expat?

Yes. What’s on offer can vary so please get in touch with us if you’d  like our help and we’ll try to find a holiday let mortgage that’s right for you.

Could I buy a holiday let through my limited company?

Yes! There are limited company holiday let mortgages available, but it’s always best to get an experienced accountant’s advice if you’re thinking of buying a holiday let property through a limited company. What’s available varies from time to time so please drop us a line if you need help to buy your holiday let this way.

I have a bad credit rating; will I be able to get a holiday let mortgage?

It might be more difficult to get a mortgage offer, but it all depends on your other circumstances. We can advise you once we understand more about your personal circumstances. Having a copy of your credit report will help us see what’s possible.


State of the Holiday Let Property Market March 2023

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