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Our holiday let lending is available up to 75% loan to value on properties across England and Wales.
We assess affordability for holiday let mortgages based on a proportion of the annual average of Low, Mid and High Season income and we can take into consideration earned income or other personal wealth.
Properties used for holiday lets must have a minimum property value of £150,000 and qualify as a Furnished Holiday Let under HM Revenue and Customs (HMRC) requirements.
We can offer Limited Company holiday let mortgages (subject to product availability) and can also consider Expat holiday let mortgage applications.
Find out more from the product details below.
We have 2 products available
2 Year Discounted Variable Rate Holiday Buy to Let – DIB087
| Term | 2 years |
| Initial Rate1 | 5.99% variable |
| Overall Cost For Comparison2 | 8.9% APRC |
| MAX LTV3 | 75% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 application fee, £1,499 completion fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 8.49% | £1,849.00 | £2,273.50 | £3,122.50 |
2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB084
| Term | 2 years |
| Initial Rate1 | 6.45% variable |
| Overall Cost For Comparison2 | 8.7% APRC |
| MAX LTV3 | 75% |
| Early Repayment Charge | 2% in year one, followed by 1% in year two |
| Product Fees | £199 application fee, £1,499 completion fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 8.89% | £1,889.00 | £2,333.50 | £3,222.50 |
Definitions
1. Initial Rate
The Initial Rate is the rate available during the initial term of the mortgage. Once the initial rate term has expired, the mortgage will either revert to our Standard Variable Rate (SVR), or a follow-on rate that is a discount off our SVR. Our SVR is set by us and is currently 8.89%, as a variable rate it may go up or down. Our follow-on rate is 1.74% below our SVR and is currently 7.15% variable. Our follow-on rate will go up or down with changes to our SVR.2. Overall Cost for Comparison
The Overall Cost for Comparison is given as the Annual Percentage Rate of Charge (APRC) and includes all charges incurred relating to the mortgage. The APRC is intended to help you as a borrower compare the interest rates on different products.3. Max LTV
Like all other mortgage lenders, we will allow you to borrow against a proportion of the overall property value. This is known as Loan to Value (LTV) and is expressed as a percentage. For example, if you want to purchase a property at £100,000 and you would like to borrow £85,000, then you will need a mortgage available at 85% Loan to Value (LTV). The available LTV can vary depending upon the type of mortgage. Shared Ownership mortgages will offer two percentages under LTV - the proportion of the property value and the proportion of the share being purchased.Your home may be repossessed if you do not keep up repayments on your mortgage
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