Get mortgage happy. 020 8517 1141

10 Aug 2021

Holiday Let Mortgages

Coastal and rural towns and villages have seen a surge in demand this year with many people realising they have an opportunity to work from new locations. Anyone trying to secure a holiday in the UK would have realised the accommodation cost of a week away has surged. These two factors have made many people see a holiday let as an attractive opportunity and one that many landlords want in their portfolio. Lenders lending to clients wishing to purchase a holiday home require a 25% deposit from the borrower. The advantage for someone looking to purchase a ‘second home’ for part of the year is the lender can take the future rental income into the assessment when proving affordability for the mortgage. Given rental income is so high right now, in many places around the UK, this assessment is passing more successfully than not.

Holiday Let mortgages are available to first-time landlords and ex-pat landlords. You will need to be an owner-occupier prior to application. The majority of lenders won’t lend on properties in Holiday parks as this falls under a different type of lending.

The purchase of a Holiday Let is very popular right now and we are pleased to see lenders adapting to the market needs and making criteria changes to support borrowers.

Want to know more? Contact us!

Case Study:

John and Andrea approached us looking to purchase a property on the Norfolk Broads, a lovely part of the world and an area they had been visiting for eight years staying in holiday rentals.

They found out from the holiday company that the owner wanted to sell the bungalow they visited and were asked if they would like to purchase it. As they were considering making a buy to let investment at the time, they jumped at the chance of having both a holiday rental and investment property.

We refinanced their residential home to raise half of the deposit and coupled with their savings we secured a holiday let mortgage for the remaining 75% of the purchase price.

As the property was previously rented we could provide rental statements from the agent to prove future affordability. Super happy clients – just as we like them!

Holiday Let Mortgages

Privacy notice

HOME OF MORTGAGES will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.

Why do you need my data and what will it be used for?

We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.

Who is my data shared with?

Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.

How long do you keep my data for?

We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact

What are my rights?

You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner’s office: