From today (11 October) we are improving the price on three of our standard residential fixed rates.
We’re experienced in the holiday let lending area, with mortgage products designed to help your clients to purchase or remortgage a property rented out for holidays for some or all of the year.
Our common-sense lending approach means your clients can also use personal income to help top up the rental coverage when assessing affordability.
Holiday Let 3-Year Discount 5.25% variable with a max LTV of 75%
Holiday Let Lending in summary
We lend to individuals, Limited Companies or existing trading companies (no SIC codes)
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The product is suitable for purchase, remortgage, or to borrow additional funds
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Affordability based on an average of low, mid and high season rents
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We will consider the potential holiday-let income when assessing affordability to allow investors to see more value from their rental portfolios
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We consider top-slicing and capital raising
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AirBnB considered
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Personal use of the property allowed
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The property must be located in a suitable holiday location to be considered
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We lend on holiday let properties with annexes and also lend on standard residentials with an element of holiday let usage
Also, don’t forget!
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No credit scoring – all cases are assessed on individual merit
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Tailored underwriting and each case individually considered
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All types of income are considered
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We provide a dedicated helpdesk team from Monday to Friday, 9am - 5pm.
Contact our helpful helpdesk team here by phone, email or live chat. We look forward to seeing those happy holiday let cases!