Holiday Let Mortgages
Have you found your perfect holiday home and looking to let it out? We can help.
Over recent years, there has been a large increase in people buying holiday let properties in the UK.
Reasons may include potential rental yields, flexibility of use and demand for short-term accommodation.
Kerr & Watson can help you secure holiday let mortgages for properties that may be used by you personally and rented out on websites such as Airbnb.
How We Help with Holiday Let Mortgages
At Kerr & Watson, we help customers arrange mortgages for properties rented to holidaymakers and short-term guests. We compare specialist lenders that understand seasonal rental income and the different requirements of holiday let properties.
✓ Holiday let purchases – Arranging mortgages for new and experienced holiday property investors.
✓ Airbnb and short-term lets – Identifying lenders that accept properties rented through holiday booking platforms.
✓ Holiday let remortgages – Comparing refinancing options for existing holiday lets or properties being converted to holiday accommodation.
✓ Limited company holiday lets – Exploring mortgage options for holiday properties purchased through limited companies.
How Do Mortgage Lenders Assess Holiday Let Properties?
Mortgage lenders assess holiday lets differently from standard buy-to-let properties because rental income can vary throughout the year.
Some lenders calculate affordability using projected weekly rental income across high, medium and low seasons, while others use an estimated long-term rental value. They may also consider the property’s location, letting arrangements and your existing income or landlord experience.
We compare these different approaches to identify lenders whose affordability assessments and property criteria suit your investment.
How Much Deposit Do You Need for a Holiday Let Mortgage?
Many holiday let mortgage lenders require a deposit of at least 25% of the property’s value, although requirements vary.
Some lenders may require a larger deposit depending on the property, your experience as a landlord and the expected rental income. The amount you put down can also affect which mortgage products and interest rates are available.
We compare lender deposit requirements and rental affordability calculations to establish your borrowing options.
Can You Use a Holiday Let Property Yourself?
Some holiday let mortgage lenders allow you to stay in the property for personal holidays while renting it to paying guests for the rest of the year.
However, lenders have different restrictions on personal use, including how many days you can occupy the property. They may also have specific requirements for Airbnb bookings and other short-term letting arrangements.
We compare these conditions to identify mortgages that accommodate your intended use of the property.
Buy to Let Mortgage calculator
Calculate your borrowing potential with our affordability calculator.
Identify what your monthly repayments would be with our repayment calculator.
Confirm your Stamp Duty costs with our Stamp Duty calculator.
Your Mortgage In 3 Easy Steps…
Conversation
Send us an enquiry to arrange a call to speak to a mortgage adviser about your circumstances, borrowing requirements and property plans.
Alternatively give us a call on 01252 224620 or email us on info@kerrandwatson.co.uk.
Research
We will use the information you’ve provided to research suitable mortgage options across the market and explain our recommendation to you.
If you need an Agreement in Principle, we can also arrange this as part of the process.
Application
Once you’re ready to proceed, we will submit the full mortgage application and supporting documents to the lender.
We will liaise with the lender and its underwriters, respond to any additional requirements and keep you updated until the mortgage offer is issued and through to completion.
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