Happy to help with holiday lets

25TH NOV 2020

Happy to help with holiday lets

This year’s events have led to a surge in interest in UK-based holidays and in turn, an increase in the number of clients looking to invest in properties to let. We’re delighted to offer a wide range of products, catering for many different scenarios. We consider expat cases and other more complex factors too, just get in touch with your nearest Specialist Lending Manager to find out more.

Residential properties with mixed usage

For clients wishing to let their property for part of the year, we have competitive mortgages available with consent to let for up to 24 weeks per annum. Rates begin at 2.74% for UK-based applicants and 3.74% for expats.

Holiday let 

We provide holiday let mortgages with rates from 3.49% or 3.99% for expats, and are happy to consider AirBnB lets amongst others, including:
• multiple lets on one title
• listed properties
• annexes
• large acreage
• regulated holiday lets

Key features

You can find our basic criteria below. To find out more visit mhbs.co.uk/intermediaries or speak to one of our team:
• £200k – £3m
• Properties in England and Wales
• Fixed and variable rates available
• Up to 65% LTV (some property types and loan sizes may be restricted to a lower LTV)
• No upper age limit
• No I.C.R. requirement – affordability based

Pricing is tailored to your clients’ circumstances.

For further information, please contact a member of the team or email brokers@mhbs.co.uk

 

Article details are correct as at 25 November 2020. For our latest product information and criteria please talk to your Specialist Lending Manager. Pricing is tailored to your clients’ individual circumstances.