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Holiday Let Mortgages

Holiday Let Mortgages

  • Home
  • MORTGAGES
        • Holiday Let Mortgage Broker

          We have been specialising in holiday let mortgages since 2006 and have accumulated a deep understanding of all types of holiday let finance.

        • Holiday Let Mortgages
        • Holiday let remortgages
        • Buying a holiday home
        • Expat Holiday Let Mortgages
        • Mixed & Multi-Unit Holiday Lets
        • Guest House Mortgages
        • Deposits
        • Holiday Park Mortgages
        • Development Finance
        • Review Service
        • Mortgage Guide
        • Mortgage Criteria
        • Holiday Let Tax Rules
  • INSURANCE
  • ABOUT US
        • Holiday Let Mortgages is an Independent Mortgage Broker specialising since 2006 in mortgages for holiday let properties.

          This means that we are free from any outside influences in terms of where we can go to get you the best mortgage rates and deals available.

        • About Us
        • What We Do
        • Review Service
  • CONTACT US

Specialist INDEPENDENT mortgage brokers – ☎ 020 8301 7931

  • Guides
        • HOLIDAY LET GUIDES

          We have a lot of resources to help you with your holiday let. There are quite a few guides plus many articles on how we can help people successfully invest in a holiday let property.

        • Holiday Let Mortgage Guide
        • Holiday Let Mortgage Criteria
        • Buying a holiday home for investment
        • Holiday let property guide
        • Guide to UK Holiday Lets
        • Buying a holiday home in the UK
        • Jargon Buster
  • Calculators
  • Articles
        • HOLIDAY LET ARTICLES & CASE STUDIES

          There is lots of useful information in our article and case study sections. Built up over many years we share new developments in lending attitude and also client case studies for the more difficult holiday lets!

        • Articles
        • Case Studies
        • Q&A
Calculators

Holiday Let Mortgage Calculators

There are many costs to consider for a holiday let property. At outset there are the initial purchase expenses and then once owned the ongoing costs. On this page we have provided 3 simple but helpful calculators to assist you.

Mortgage payment calculator

How much will the monthly mortgage payments be.

Stamp Duty calculator

Paid when you purchase your holiday let.

How much can I borrow?

This is a guide only. Please call us for an accurate figure.

On 08/07/2020 The Chancellor announced temporary reductions for Stamp Duty charged on residential property purchases. These reductions apply to first time buyers, home buyers and property investors including those using a SPV Limited Company. Our stamp duty calculator has been updated to use these reduced rates.
Reduced rates of Stamp Duty Land Tax (SDLT) will apply for residential properties purchased from 8 July 2020 until 31 March 2021 inclusive.

Read more here on the Government website.

Mortgage payment calculator

Monthly Costs:

Stamp Duty calculator

Stamp Duty:

How much can I borrow on a holiday let?

The calculation below will give you only an estimate of what you may be able to borrow based on your current monthly holiday lettings rent. There are many factors that contribute to the amount you may be lent and the figure below cannot be used as guaranteed amount.


These calculators are for illustrative purposes only.

How much can I borrow for a holiday let?

Usually the maximum you can borrow for a holiday let is 75% of the purchase price or value of a property. So if the property is valued at £300,000 you would need a deposit of £75,000 (25%) and a mortgage of £225,000 (75%). The maximum mortgage is based on the projected rent that your holiday let could produce, your income and the property value.

We have lots of useful information about the holiday let mortgage criteria to help you better understand how the lenders assess both the applicant and the property.

Holiday let mortgage rates

Mortgage rates for holiday lets will be slightly higher than those available for purchase of a main residence. However, the market is increasingly competitive and the holiday let mortgage rates being offered are at an historic low.

Holiday let mortgage lenders

As an authorised independent mortgage broker we deal with all of the lenders who offer mortgages for UK holiday lets. Some of these are well known high street lenders, some are smaller building societies and some are specialist lenders, banks and finance companies.

Occasionally a holiday does not not fit the criteria of the standard mainstream lenders. So buy to holiday let mortgages are then arranged on a per client basis where the loan is underwritten on the borrowers particular circumstances.

This enables us to present a case to the lenders with relevant information so the application can be properly assessed. This is a very different process to a streamlined, online mortgage application. In addition, we have access to many specialist mortgage schemes and lenders due to our experience in this market place.

Read more here on the Government website.

Let’s work together

Get in touch with us and send some basic info about your project.

Get in touch!

CONTACT US

Holiday Let Mortgages

1st Floor, 140 Long Lane
BEXLEYHEATH
DA7 5AH

T 020 8301 7931
E mortgages@holidayletmortgages.co.uk

QUICK LINKS

Holiday let mortgage guide

Guide to UK holiday lets

Holiday let mortgage criteria

Holiday let articles

Holiday let tax

WE LIKE TO TALK

Please contact us whether you have found a property or project that needs financing or you are just in the early stages of forming a plan.

It’s often an advantage to discuss the financial side of a deal before everything has been agreed. So please call us on 020 8301 7931 and tell us your holiday let ideas.

Copyright © 2020 · Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Broker fees may apply. Written details on request. All loans subject to status. Think carefully before securing other debts against your home. The Financial Conduct Authority does not regulate holiday let mortgages. Holiday Let Mortgages is a trading style of Drake Mortgages Limited and this website is owned and operated by Drake Mortgages Limited who are authorised and regulated by the Financial Conduct Authority FCA Register No 207532 | Privacy | Terms