Holiday Let Mortgages

Expert fee-free mortgage advice from an expert on holiday let mortgages. Helping you find the mortgage deal and not miss out on mortgage savings

We’re rated Excellent on Google – We’ve got you covered

Here’s everything you need to know about holiday let mortgages. Get in touch if there’s something specific you’d like to ask you. By getting started or submitting a question, you can chat with an expert mortgage advisor.

Understand your budget with a Decision in Principle

A decision in principle is also called an “agreement” or “mortgage” in principle. They all refer to the same thing which is an initial yes from a mortgage lender. This is here to give you an idea of what you can expect to borrow and understand your budget. This is the best place to start.

A decision in principle will also allow you to see what mortgage rates you are eligible for. This helps you can understand your potential mortgage monthly repayments. This will help you understand your finances for any home you buy.

Many estate agents will ask to see a decision in principle if you would like to place an offer on a property. This acts as a way of showing the agent you can likely afford to purchase the property and that you are a serious buyer. Remember, you can use any mortgage advisor you like, even if they suggest otherwise.

Struggling with holiday let mortgages?

We’re here to help save you time by using our expert knowledge of holiday let mortgages.

Can I get a mortgage on a holiday cottage?

Yes – you may be able to. There are lenders who can help you mortgage a holiday let cottage. Some can also allow you to use the property periods of time, typically 90 days a year for personal use. This means you can enjoy your investment in the gaps between guests too.

Holiday let mortgages can be assessed differently to others. The potential rental income of the property will need to be assessed. You may need a holiday letting agent to provide a valuation. This consists of high, mid, and low-season rental income figures. This is a common request from Holiday let mortgage lenders

How much deposit will I need?

This will depend on several things such as:

Your credit history
Your income
The property you are looking at buying

We’re here to help you understand exactly how much deposit you can expect to need. Typically you can expect to need around 25% deposit as a minimum for most lenders , with some allowing 20%. Your actual deposit needed will also depend on the potential rental income of the property and how this varies seasonally.

Minimal Advice Fees

We believe in minimal advice fees to help you save on your mortgage. There may be a fee for arranging a mortgage however, the precise amount will depend upon your circumstances and this will not exceed £195. The fee may be waived subject to the terms of the fee waiver agreement and will be confirmed within the initial meeting.

Rated Excellent by our clients

Will has been an amazing.

He has been there throughout my home buying processing going out of his way to help. He found me a great mortgage deal which met my requirements and he was there to answer all my mortgage and home buying questions. He is very professional, great communication , honest and knowledgeable.He has made my house buying journey seamless and I couldn’t be more grateful.

Margaret – Google Review

An awesome service from beginning to end.

Will is just amazing. He helped me through the process of re-mortgaging under complex circumstances every step of the way. He responded swiftly to every enquiry and gave me the confidence that everything was under control. I would recommend his services to anyone as he really knows what he is doing and got me the best deal possible. Thanks Will

Jennifer – Google Review

Continuously goes above and beyond to give the best service

I have spoken to many mortgage advisors and Will by far is the most thorough, detailed, approachable and available individual that I have had the privilege of working with. He is very transparent, helpful and continuously goes above and beyond to give the best service to his customers. Thank you Will for looking after me. It has been great working with you.

Hamid – Google Review

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Author: Will Walton - Mortgage Advisor, Founder