Holiday let solutions

As a specialist holiday let lender, we bring considerable experience to your purchase and remortgage cases and provide products for both simple and more complex cases. Our Specialist Lending Managers are just a phone call away and are ready to help you find the right holiday let solution for your clients.

“Outstanding service and customer care. Lovely people to deal with…”

Intermediary Partner, June 2021

Products

For loans over £800k please refer to the complex products.

Product
details
Initial
rate
Follow on
Rate
(variable)
Product
fee
Application
fee
Proc feeMin loan sizeMax loan sizeOver paymentsERCLTV
3 year discounted rate3.49%5.49%£995£950.45%£200k£800k10%3% for three yearsUp to 75%*
2 year fixed rate3.74%5.49%£995£2950.45%£200k£800k10%3% for two yearsUp to 75%*
5 year fixed rate4.44%5.49%£995£2950.45%£200k£800k5%3% for four years, then 1% in the fifth yearUp to 75%*

*Some property types and loan sizes may be restricted to a lower LTV.

Please call your nearest Specialist Lending Manager for further information.

Loans up to £5m

Product
details
Initial
rate
Follow on
Rate
(variable)
Product
fee
Application
fee
Proc feeMin loan sizeMax loan sizeOverpaymentsERCLTV
3 year discounted rate4.24%5.49%0.75%£950.45%£200k£5m10%3% for three yearsUp to 75%*
2 year fixed rate4.49%5.49%0.75%£2950.45%£200k£5m10%3% for two yearsUp to 75%*
5 year fixed rate5.19%5.49%0.75%£2950.45%£200k£5m5%3% for four years, then 1% in the fifth yearUp to 75%*

*Some property types and loan sizes may be restricted to a lower LTV.

Please call your nearest Specialist Lending Manager for further information.

Simple

For loans over £800k please refer to the complex products.

Product
details
Initial
rate
Follow on
Rate
(variable)
Product
fee
Application
fee
Proc feeMin loan sizeMax loan sizeOver paymentsERCLTV
3 year discounted rate3.49%5.49%£995£950.45%£200k£800k10%3% for three yearsUp to 75%*
2 year fixed rate3.74%5.49%£995£2950.45%£200k£800k10%3% for two yearsUp to 75%*
5 year fixed rate4.44%5.49%£995£2950.45%£200k£800k5%3% for four years, then 1% in the fifth yearUp to 75%*

*Some property types and loan sizes may be restricted to a lower LTV.

Please call your nearest Specialist Lending Manager for further information.

Complex

Loans up to £5m

Product
details
Initial
rate
Follow on
Rate
(variable)
Product
fee
Application
fee
Proc feeMin loan sizeMax loan sizeOverpaymentsERCLTV
3 year discounted rate4.24%5.49%0.75%£950.45%£200k£5m10%3% for three yearsUp to 75%*
2 year fixed rate4.49%5.49%0.75%£2950.45%£200k£5m10%3% for two yearsUp to 75%*
5 year fixed rate5.19%5.49%0.75%£2950.45%£200k£5m5%3% for four years, then 1% in the fifth yearUp to 75%*

*Some property types and loan sizes may be restricted to a lower LTV.

Please call your nearest Specialist Lending Manager for further information.

Criteria

Our criteria and examples of the case types we consider are shown below.

SimpleComplex
Minimum age 18✔✔
No maximum age✔✔
Maximum of four applicants✔✔
Individual applicants✔✔
Expats and foreign nationals. Please see our current list of countries that we can consider✔
Minimum £25k income (separate from holiday let income)✔
Minimum £35k income (separate from holiday let income)✔
Multiple types of income eg pension, SIPP, investments.✔✔
First-time buyers✔
First-time landlords✔✔

Outlined here is our criteria and examples of the case types we consider.

SimpleComplex
Funds to raise capital to inject into another venture✔
Regulated and unregulated loans✔✔
145% interest cover from gross rent required for unregulated cases✔✔
Maximum mortgage term 40 years✔✔
Day one remortgages (subject to terms and conditions)✔✔

Outlined here is our criteria and examples of the case types we consider.

 SimpleComplex
Properties located in England and Wales✔✔
Minimum property value £350k✔
Various property types, including:
listed buildings
large acreage
annexes
multi-units
more than one title to charge
✔
Furnished holiday lets and AirBnB✔✔
Properties where a maximum of three months is required to refurbish the property✔✔
Additional commercial activity on site✔
Planning restrictions limiting use of property to holiday let or similar✔
Minimum 50 years left on a lease at end of mortgage✔✔
Applicant

Our criteria and examples of the case types we consider are shown below.

SimpleComplex
Minimum age 18✔✔
No maximum age✔✔
Maximum of four applicants✔✔
Individual applicants✔✔
Expats and foreign nationals. Please see our current list of countries that we can consider✔
Minimum £25k income (separate from holiday let income)✔
Minimum £35k income (separate from holiday let income)✔
Multiple types of income eg pension, SIPP, investments.✔✔
First-time buyers✔
First-time landlords✔✔
Loan

Outlined here is our criteria and examples of the case types we consider.

SimpleComplex
Funds to raise capital to inject into another venture✔
Regulated and unregulated loans✔✔
145% interest cover from gross rent required for unregulated cases✔✔
Maximum mortgage term 40 years✔✔
Day one remortgages (subject to terms and conditions)✔✔
Security

Outlined here is our criteria and examples of the case types we consider.

 SimpleComplex
Properties located in England and Wales✔✔
Minimum property value £350k✔
Various property types, including:
listed buildings
large acreage
annexes
multi-units
more than one title to charge
✔
Furnished holiday lets and AirBnB✔✔
Properties where a maximum of three months is required to refurbish the property✔✔
Additional commercial activity on site✔
Planning restrictions limiting use of property to holiday let or similar✔
Minimum 50 years left on a lease at end of mortgage✔✔

We’re always happy to chat through individual cases,
so if you have any questions or want to check if we can consider your case,
please give your nearest 
Specialist Lending Manager a call.

Experience our first-class service

Each case individually assessed

We manually underwrite with no income multiple limit or credit scoring

Easy-access support

Your Specialist Lending Manager is available over the phone or via Zoom to help with new cases and keep things running smoothly

Strong commitment

A firm decision for your case will be provided by our daily Credit Committee

Prompt checks

Our case managers will notify you if any information or documents are missing

Personal service throughout

Your named underwriter will provide case updates and will be happy to help with any queries

Don’t take our word for it

We’re delighted that almost all intermediaries who review us on feefo give us a five-star rating, the highest possible score.
Here are some the things they say about us:

If you’ve got a holiday let case, one of our Specialist Lending Managers can provide a quick overview of how we can help.

We’re here to help

We’re here to help if you have any questions and are happy to chat through individual cases. All you have to do is pick up the phone to one of our Specialist Lending Managers.

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