Holiday Let Mortgages


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When it comes to Holiday Let mortgages, you want an honest and experienced mortgage broker with no surprises.

So we’ll always tell you the things you really need to know up front.

Holiday Let Mortgage



If you are thinking about getting a holiday let, you’ll probably have lots of questions. So we hope these common questions help you out, and of course if you have a question of your own, please just ask.

Do you have a question about a holiday let mortgage?

If you have a question about a holiday let mortgage that is not covered here, please contact us.

Do we need a holiday let mortgage?

If you are looking to holiday let a property as a business, then you will need a holiday let mortgage. Just in the same way as if you were buying an investment property to let out (on an assured shorhold tenncy agreement), you would need a buy to let mortgage.

If you are intending to use it as a second home / holiday home and not let it, then a second home mortgage will be more apropriate. However even then, some lenders will be okay with you letting it for a rstricted period of time.

If you are intending to move out of your residential home and holiday let your property you should do one of two things, depedning whatby9ur plans are:

1. If you are moving out permanaently, then you will need to change your mortgage from a residneitl mortgage to a holiday let mortgage.

2. If you are moving out of your home for a short time to let your property out but you intend to move back in, then you should contact your existing lender to get permission to let while you are renting the property. Most lenders are okay with this, but its important to always inform your lender if there is any change in use. Tip; to avoid any issues, always speak to the lender before you do anything and ask to see how they will view your plans before you go ahead and do it.

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How do I get a holiday let mortgage?

Get in touch with a lender who specialises in holiday let mortgages. Most lenders who lend on buy to lets do not touch holiday lets at the moment, but this could change.

Or you could get in touch with an independent mortgage broker who specialise in holiday let mortgages like us!

Every lender is slightly different in terms of their lending criteria so what might be okay for one, might not be for another lender. Getting a holiday let mortgage is not easy and unless you have lots of time on your hands you could easily make costly mistakes.

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What is the typical lending criteria for a holiday let mortgage?

Holiday let lenders will assess you as much as the property you are looking to buy. Typical things a lender will look at are:

  • A minimum personal income is usually required and can vary from £20,000 too £40,000. However there are some lenders who do not have a minimum income requirement, but they will want to make sure that you can financially support yourself without relying on a holiday rental income.
  • A holiday let deposit is nearly always at least 25% of the purchase price. However because the borrowing amount is dependent on the rental figure, if the rent is not enough, then a larger deposit will be required.
  • Some lenders will allow you to purchase through a Ltd company, while others won’t. If you want to go through a ltd company you will be restricting your choice of lenders.
  • Location can be a restriction when it comes to getting a holiday let mortgage. Some lenders will only lend in certain areas and will tend to avoid non-mainland UK. Some lenders also avoid lending in Scotland.
  • The amount you can borrow does vary from lender to lender, but try our holiday let mortgage calculator below to get an idea. However to be really accurate and to take your whole circumstance into account, we always recommend speaking to one of our experienced holiday let mortgage brokers.
  • If there is any kind of restriction on the property i.e it can only be used for a second home or holiday home, then the likelihood is a lender won’t lend. However there are some lenders that are okay with this, but the options, availability, and difficulty are increased.
  • Lenders don’t like properties on holiday parks so as a rule of thumb it will be a no. However, if a surveyor can confirm the saleability won’t be affected by it being on a holiday park, then this could be okay, but it will likely need a much bigger deposit of at least 40-50% of the purchase price.  With this, they are usually looking for smaller and unique holiday parks.
  • Your overall level of indebtedness is also taken into account when a lender is considering you.

But don’t forget, there are many other elements of holiday let lending criteria, such as an applicant age, the valuation of the property, the borrowing amount and the level of experience you have.

Whatever you do, don’t think that this is a definitive list. Every lender has different rules and criteria and it can get quite granular.

The other really important thing to remember is that the rules of the game change. Holiday let lending crtiteria, just like any other type of mortgage criteria, changes. So just becuase something was possible, doesn’t mean it will be in the future. Or vice versa!

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Holiday Let Calculators

Holiday Let Minimum Rent Calculator

Holiday Let Mortgage Calculator

Holiday Let Repayment Calculator


Holiday Let YouTube


Holiday Let Guides

Buy to Let or Holiday Let which is best?

How to invest in property with buy to let mortgages?

How to negotiate a house price?

Do I need a holiday let mortgage?

Why is the buy to let market being attacked?

How to market your holiday let

Why is a Holiday Let Mortgage different to a Buy To Let?

How to finance a holiday let?

Why Buy to Let Mortgage Brokers are vital

How do I get a holiday let mortgage?

Our experts are here to help you, every step of the way

Our expert knowledge has been built from experiences in the independent, corporate and property world. From complex property portfolios to first time buyers. If there’s a way to do it, we’ll find it.



Our Success Rates

(Fourth quarter 2018)



  • We assess
  • You instruct us
  • We research
  • We find the best deal for you


Agreement In Principle

  • You agree to the deal
  • We submit the first stage of your application
  • You get an agreement in principle


Mortgage Offer

  • We submit the second stage of your application
  • We present your application in the best possible manner
  • They assess your situation
  • We support you throughout the process
  • They assess your property
  • You receive your mortgage offer



  • Technically our job is done but we also like to help
  • We liaise with solicitors and estate agents
  • We keep you updated
  • You achieve your goals

Talk to the Holiday Let mortgage experts

Call us on (01237) 472321

or enquire now

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