Holiday Let Mortgages

If you are looking for your first or your next holiday let mortgage then Charleston Financial are here to help you get the best deal.

  • Up to 75% LTV
  • Capital repayment or Interest only funding
  • Purchase or remortgage
  • Limited company applications

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With increasing numbers of people choosing to holiday at home in the UK, the holiday let sector is thriving and demand for holiday let mortgage funding is increasing inline with demand.

We have access to a wide range of mortgages designed specifically for holiday let purposes, with lending across the whole of mainland UK.

You do not necessarily need experience, and typically we can go up to 75% of the value of the property.

Key features of Holiday Let Mortgages;

  • Up to 75% LTV
  • Capital repayment or Interest only funding
  • Purchase or re-mortgage
  • Limited company applications
  • England, Wales and Scotland (including certain islands)
  • Available to first time holiday let investors
  • Up to age 85
  • Single property and portfolio funding
  • Loans from £30,000k to £3,000,000
  • Up to 90 days personal usage allowed
  • Properties with restrictive covenants considered

How does a holiday let mortgage differ to a buy to let mortgage?

Unlike a standard buy to let, where rental income is treated as ‘investment’ income, the income from a holiday let property can be treated as ‘trading’ income. This mean the interest on your mortgage payments can be offset against any income for tax purposes unlike traditional mortgage interest for standard buy to let funding.

With a BTL mortgage typically you will have a 6 to 12-month AST in place. With a holiday let mortgage this won’t be the case and lenders will normally require a letter from a holiday lettings site, or local agent detailing what the expected income will be during low, mid and high season.

Holiday let properties are a great way to maximise income from an investment property but with lenders having varying criteria to meet its important to speak to an adviser as early as possible.

We can normally get an agreement in principle the same day. Call us today for a free no obligation chat.

Some of our Lending Partners