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Holiday Lets

Holiday Lets, Short Lets, or Service Accommodation can cover a variety of circumstances. We have dealt with city center apartments, large houses in national parks, blocks of flats with units let separately and so on.

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Airbnb entered the UK in 2008 and revolutionised of the tourism industry. Now this investment strategy is established, Lenders have opened up significantly in the past decade. Not long ago, it was the case these properties   could only been considered with two years’ accounts showing history.

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Holiday Let Mortgages

There are a limited number of Holiday Let Lenders, we maintain close relationships with them. There are extra considerations with Holiday Lets, some Lenders will calculate affordability on projections from an agent whereas others will use the potential single-let income. Some Lenders don’t like Airbnb, whereas others do. There are various things to balance.

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  • Up to 80% LTV

  • Limited Company and Limited Partnership options available

  • Estate properties considered

  • Properties with multiple dwellings considered

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Holiday Let Bridging & Finance

Most Holiday Let projects don’t require substantial works to convert the property to this use. However, the luxury end of the market and those apart-hotel style properties do. In these instances Bridging & Development Lenders will want to be very sure the Client can get a mortgage once works are complete. Working with People well versed in the area is key, particularly if any mid-case issues arise at valuation.

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  • Funding for up to 75% of the site value

  • Funding for 100% of build costs

  • Ad Hoc terms negotiated

Tell us about your project today.

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