Please note:

Holiday Let Mortgages

A dedicated range of mortgages available for holiday letting.


Holiday let criteria - key points

  • Minimum income is restricted to at least £40,000 from primary applicant's income
  • Rental income must be at least 145% of interest payable on the stress rate of;
    5.50% for purchases and capital raising remortgages
    5.00% for non-capital raising 'like-for-like' remortgages
  • Maximum portfolio size of 10 mortgaged rental properties, irrespective of lender
  • Maximum of 4 rental properties can be mortgaged with The Society, whether Buy-to-Let, Holiday Let or a combination of both
  • No maximum age at term end

For full details of our holiday let criteria, view our criteria guide.


2 Year Holiday Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/23Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/03/26, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.59% 4.59%5.59%5.0%60%£0 View
Max loan amount £500,000
3.79% 4.59%5.59%5.0%70%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 4 December 2020

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £120,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.79% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.59% giving a rate of 4.59% for 3 years and then on our current Buy to Let Variable Rate of 5.59% for the remaining 20 years would require 24 monthly payments of £379.00, 36 monthly payments of £459.00 and 240 monthly payments of £559.00.

The total amount payable would be £279,815.00 made up of the loan amount plus interest of £159,780.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.0% 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.

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.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the fixed rate period up to and including 31 March 2026.
  • Free Standard valuation up to £999.
  • Fees assisted legal services for standard remortgages.
  • Maximum loan £500,000.
  • Interest calculated daily.


We have developed a set of short, easy-to-use guides to our criteria.

View our criteria guides »

Any questions?

Please contact your nearest Development Manager. Find your nearest Development Manager »