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Holiday Let

Holiday Let criteria - key points

For Buy to Let, Portfolio Buy to Let, Holiday Let and Houses in Multiple Occupation ICR and stress rate calculations, please see the Product Guide or Assessment of Rental Income on the Criteria Page.

  1. The primary applicant must either have a minimum primary income of £40,000 or a combined total of £60,000 for joint applicants.
  2. There is no maximum age at end of term.
  3. As part of a trial, we're restricting new loans on holiday lets in some areas. Check the postcodes this applies to in the Restricted postcodes excel spreadsheet.
Restricted postcodes (Excel)

2 Year Holiday Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 29/02/2028Then the Society's BTL Variable Rate thereafter, (currently)
 		Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
5.25% 8.04%7.9%60%£999 View
Max loan amount £1,000,000
5.40% 8.04%7.9%60%£0 View
Max loan amount £1,000,000
5.94% 8.04%8.0%75%£0 View
Max loan amount £750,000
RATES CORRECT AS AT 13 november 2025

Representative Example

A mortgage of £200,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.94% and then on our current Buy to Let Variable Rate of 8.04% (variable) for the remaining 23 years would require 24 monthly payments of £990.00 and 276 monthly payments of £1340.00.

The total amount payable would be £593,635.00 made up of the loan amount plus interest of £393,600.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 8.0% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This representative example has been calculated on an interest only basis. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

5 Year Holiday Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2031Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.99% 8.04%7.2%60%£999 View
Max loan amount £1,000,000
5.09% 8.04%7.2%60%£0 View
Max loan amount £1,000,000
5.49% 8.04%7.4%75%£0 View
Max loan amount £750,000
RATES CORRECT AS AT 13 november 2025

Representative Example

A mortgage of £200,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.49% and then on our current Buy to Let Variable Rate of 8.04% (variable) for the remaining 20 years would require 60 monthly payments of £915.00 and 240 monthly payments of £1340.00.

The total amount payable would be £576,535.00 made up of the loan amount plus interest of £376,500.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 7.4% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This representative example has been calculated on an interest only basis. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

This information is designed for use by FCA authorised intermediaries only.

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