Here comes the sun (hopefully – it is the UK after all!)

As well as competitive rates, we’ve got some fantastic criteria points that are sure to bring some sunshine to you and your clients.

Here’s all the key information you’ll need:

  • No minimum personal income requirement
  • We’ll lend in England and Wales (but not currently in Scotland)
  • Maximum loan £750k
  • ICR 160% @ 6.25% over 32 weeks for 5 year fixed rates
  • ICR 160% @ 6.25% over 32 weeks for like-for-like remortgages
  • ICR 160% @ 8.25% over 32 weeks for all other lending
  • Personal use permitted for up to 60 days per year
  • Up to two holiday lets allowable
  • Personal name only (we do not accept limited company holiday let applications)
  • Have an EPC rating of E or higher

All this plus:

  • We pay a proc fee of 0.50 bps

Our current Holiday let products (all available at up to 75% LTV)

See our Holiday let rate card.

Acceptable Holiday Letting Agents

We will accept estimates of rental income as part of holiday let applications from the following letting agents:

Heart of the Lakes   National Trust  Rural Retreats 
Coast and Country Cottages   Hoseasons Suffolk Secrets 
Cornish Cottage Holidays  Independent Cottages  Sykes Holiday Cottages  Lakelovers  Toad Hall Cottages 
 English Country Cottages Landmark Trust  VRBO (formerly Homeaway) 
 Forest Holidays    

If your agent is not on the list above, please contact your BDM.

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Head of Mortgage Product, Christie Cook, said:

"The pandemic led many to rethink certain aspects of their lives including how, and where, they take their holidays – with a well-publicised surge in the number of staycations. 
"That has created a potential investment and income opportunity for those looking to purchase a holiday rental, so we are excited to be lending in this space."

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BTL criteria enhancements

We've made our buy-to-let and limited company buy-to-let ranges more accessible and cohesive than ever before!

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Interest in holiday lets

Research shows the COVID-19 driven staycation boom has potentially inspired millions to consider buying a UK holiday let property.