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Holiday Let Mortgages

We have temporarily restricted our lending criteria and withdrawn a number of our mortgage products, including those for holiday let. For the latest updates and essential information during the COVID-19 pandemic read our FAQs.

A holiday let mortgage could help you realise your dream of owning a second home - perhaps a coastal cottage, a farmhouse in the rolling countryside, or a lakeside retreat for a UK getaway. Designed for people who want to borrow money for buying a property to be let out short term to tourists, holiday let mortgages can provide a boost to your income as well as a place to escape for a break.

The UK is a desirable holiday destination for overseas tourists, even more so due to the weakening pound, and the ‘staycation’ is also a more attractive option for UK holidaymakers. It seems the Great British Holiday is making a comeback, and renting out a holiday let property could capitalise on this. With beautiful countryside and coastal locations it’s no wonder more of us are looking to explore it, whether for a weekend break or a lengthier stay over the summer. 

Mortgages for holiday let landlords (temporarily unavailable)

We’ve extended our buy to let mortgage options to include a range of holiday let mortgages for applicants specifically looking to purchase or remortgage a holiday let property in England and Wales. All products are available with a maximum 80% Loan To Value (LTV), on capital and interest, part and part or interest only repayment basis. First time landlords of at least 30 years of age are welcome to apply, and if an applicant is already a buy to let or holiday let landlord, the minimum age is lowered to 21. Applicants must already own or mortgage their own home.



Holiday let mortgage criteria

  • Maximum term 30 years
  • We welcome first time landlords aged 30+, or for existing landlords with two year’s experience our minimum age is 21
  • Portfolio landlords or limited companies are not eligible for these products
  • Applicants are permitted to own a maximum of three rental properties (holiday let and buy to let) inclusive of the mortgage they wish to apply for
  • No maximum age restriction
  • Total loan to individual/joint borrowers not to exceed £750,000
  • Minimum loan of £75,000 and a maximum loan cap of £500,000 apply, with a minimum property value of £100,000
  • Owners may occupy the mortgaged holiday let property for personal use for up to 60 days per year
  • The potential rental income will be calculated by a Holiday Letting Agent and a letter is required to confirm the known weekly rental income, or anticipated revenue during low, medium, and high season. An average will be taken and multiplied by 30 weeks to give an indicative annual figure. If there is a minimum two-year history of occupancy the average will be multiplied by 35 weeks
  • At least one applicant must have a minimum salary of £25,000 gross p.a 
  • Applicants' employed income, pensions, investments, or additional sources of income can be taken into account when calculating affordability
  • No HMOs, properties in holiday parks or Airbnb lettings
  • Property must be of single dwelling and standard construction

Your home may be repossessed if you do not keep up repayments on your mortgage.