Intended use
Explain when the property will be available for guests, when you may use it and whether any restrictions apply.
Holiday let mortgages
A holiday let has different occupancy and income questions from a standard rental property. Understand the property, use and cost questions before comparing options.
What should you consider?
Income assumptions
Occupancy and seasonal income can vary. Ask how projected income is assessed and what evidence is required.
Property requirements
Check that the property, location and intended use fit the product and any applicable local requirements.
Running costs
Include management, maintenance, insurance, utilities, tax and periods without bookings in your planning.
Questions to ask
- Does the proposed use fit the lender’s criteria?
- How will seasonal income be assessed?
- What evidence is needed for the property and income?
- What happens if the property is used personally?
- Which tax, legal or local questions need separate advice?
Talk to a mortgage advisor
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