Holiday let mortgage options for property owners and investors

HOLIDAY LET MORTGAGES

Thinking about a holiday let?
Let’s make the numbers work.

Whether you’re buying your first holiday let, adding to a portfolio or
refinancing an existing property, we’ll help you compare specialist lenders
and understand how they assess rental income, occupancy and affordability.

✔ Access to Specialist Holiday Let Lenders
✔ Individual & Limited Company Options
✔ Free Consultation

Book Your Free Consultation

Holiday Let Essentials

🌴 Holiday Let Mortgages

Holiday Let mortgages are designed for properties that will be let to guests on a short-term basis rather than occupied by long-term tenants.

📈 Affordability Assessments

Different lenders assess Holiday Let affordability in different ways. Some use a traditional Buy to Let rental calculation, while others assess the property’s projected holiday letting income based on seasonal occupancy and expected weekly rental rates.

🏡 Eligible Properties

Lending criteria vary considerably depending on the property type. We’ll help you understand which lenders are comfortable with cottages, apartments, lodges and other holiday accommodation.

📍 Investment Locations

Whether you’re buying by the coast, in the countryside or within a popular tourist destination, we’ll compare lenders that suit your investment plans.

Not all Holiday Let lenders assess affordability in the same way.

Some use a traditional Buy to Let rental calculation, while others base affordability on projected holiday letting income using seasonal rental averages and expected occupancy. Choosing the right lender can make a significant difference to the amount you may be able to borrow.

Why Choose Liberty Money?

Holiday Let mortgages are a specialist area of lending, with each lender taking a different approach to affordability, property types and rental income.

Some lenders assess affordability using a standard Assured Shorthold Tenancy (AST) rental calculation, while others use projected holiday letting income based on seasonal occupancy and average weekly rental values.

We’ll take the time to understand your investment plans, compare lenders with the most suitable criteria and explain your options clearly throughout the process.

Specialist Holiday Let advice

Access to specialist lenders

Support from enquiry to completion

Advice tailored to your investment plans

Costs to Consider When Purchasing a Holiday Let

Purchasing a Holiday Let involves many of the same costs as a residential or Buy to Let mortgage, together with some additional considerations. We’ll explain everything clearly before you proceed.

Mortgage Product Fees

Some Holiday Let mortgage products include arrangement fees, while others are fee-free. We’ll compare the overall cost, not just the interest rate.

Property Valuation

Holiday Let valuations often include an assessment of both the property’s market value and its potential holiday letting income.

Legal Fees

A solicitor or conveyancer will complete the legal work involved in purchasing or remortgaging your Holiday Let.

Adviser Fees

We’ll explain our fees clearly before you proceed, so you’ll always know exactly what to expect.

Stamp Duty

Additional Stamp Duty Land Tax (SDLT) may apply when purchasing a Holiday Let, depending on your circumstances. Your solicitor will confirm the amount payable.

Running Costs

Holiday Lets often involve additional ongoing costs such as furnishing, cleaning, maintenance, insurance, utilities and booking platform fees. We’ll help you understand the overall investment.

Frequently Asked Questions

A Holiday Let mortgage is designed for properties that are let to guests on a short-term basis, rather than occupied by tenants under a standard Assured Shorthold Tenancy (AST).

Holiday Let lenders use different methods.

Some assess affordability using a traditional Buy to Let rental calculation based on an Assured Shorthold Tenancy (AST).

Others assess the property’s projected holiday letting income by taking an average of the expected high, medium and low season weekly rental values, multiplied by a set number of letting weeks. The number of weeks used varies between lenders.

We’ll recommend lenders whose affordability model best suits your property and investment plans.

Most Holiday Let lenders require a deposit of at least 20–25%, although this varies depending on the lender and property.

Many lenders allow limited personal use of the property, although restrictions vary. We’ll explain the criteria before you apply.

Some lenders accept Holiday Let purchases through limited companies. We’ll explain the available options and recommend that you seek independent tax advice before deciding how to purchase.

Some lenders will consider holiday lodges, while others will only lend against traditional brick-built properties. We’ll help identify lenders suitable for your chosen property.

Yes. Whether you’re looking to reduce your monthly payments, release equity or switch lenders, we’ll compare the available options.

Buy to Let properties are generally rented to long-term tenants under an Assured Shorthold Tenancy (AST), whereas Holiday Lets are let to guests on a short-term basis for holidays or leisure stays.

Most lenders require an estimate of the property’s expected holiday letting income, often provided by a local holiday letting agent or management company.

Holiday Let lending criteria vary considerably between lenders, particularly around affordability, property types and personal use. We’ll compare a wide range of lenders and recommend those best suited to your investment plans.

Ready to Buy Your Holiday Let?

Whether you’re buying your first Holiday Let or expanding an existing property portfolio, we’ll compare specialist mortgage options and help you find the right solution.