Speak to an expert
Domenico Perrotta
Mortgage and Protection Adviser
He specialises in guiding first-time buyers through the entire homebuying journey, while also leading on more complex cases — including Let-to-Buy transactions and supporting foreign nationals during their early residency in the UK.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £199.
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A Holiday Let Mortgage is taken out on a property that is then let on a seasonal basis and used for holiday rental. It is similar to a Buy to Let mortgage except the maximum amount that a lender will permit is not based on a regular income but uses an average of the rates charged during high, mid and low season.
Clear Mortgage Guidance You Can Rely On
We provide professional advice and support to help you understand your mortgage options and make informed decisions every step of the way.
Holiday Let Mortgages can usually be set up on either an interest only basis or a capital and interest basis however some lenders may require the borrower to have a minimum additional personal income.
Looking for expert guidance to make your mortgage journey simple, clear, and confident every step of the way?
Within this sector the seasonal nature of the income, along with other factors such as possible higher levels of unoccupancy during low season, can make lending much more complex. For this reason, many lenders impose stricter criteria for those looking for a Holiday Let Mortgage. These do vary by lender but could include requiring applicants to own their own home, be over the age of 21 and have a minimum deposit.
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Warning Text
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
HOLIDAY LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
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