Holiday Let Mortgages
Finance built for seasonal income, not forced through a standard tenancy test.
A holiday let isn’t a buy-to-let, and lenders know it
A holiday let mortgage works differently to a standard buy-to-let. Holiday lets earn through weekly rates, peak seasons and void winters, so affordability tests built around a single monthly tenancy simply don’t fit, and many mainstream lenders won’t touch the sector at all.
Specialist lenders will, assessing projected seasonal income, often via local letting-agent projections. Knowing who they are and what they need is the difference between a decline and a strong offer.
How ERG helps
- Assessed on holiday income:
- We place your case with lenders who underwrite on low/mid/high season projections. The way the property will actually earn.
- Structure advice included:
- Personal name or limited company, furnished holiday let considerations, mixed personal use. We’ll walk through the options with you and your accountant.
- Deep experience in the hotspots:
- From the North Wales coast to the Cotswolds, holiday-let finance is one of our most frequent requests. We know the lenders active in each market.
Who we help
Holiday-let cases we arrange:
- First holiday-let purchases in coastal and rural hotspots
- Refinancing an existing holiday let onto better terms
- Limited company (SPV) holiday-let purchases
- Owners converting a property to holiday letting
- Investors building a portfolio of short-stay properties
Frequently Asked Questions
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Typically on projected gross seasonal income, often an average of low, mid and high season weekly rates, evidenced by a holiday letting agent’s projection. Some lenders also want a minimum personal income behind the application.
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Many holiday-let products allow a degree of personal use; the limits vary by lender. Tell us how you plan to use it and we’ll match you to products that genuinely permit it.
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It depends on your tax position and longer-term plans, a conversation for us and your accountant together. Specialist lenders support both routes, so the structure can follow the strategy rather than constrain it.
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Time zone: United Kingdom (Europe/London)
Your consultation
A 30-minute telephone call with one of our advisers. Tell us a little about your situation and we’ll match you with the right person.
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