Holiday Let

Our variable Holiday Let mortgage is for owners of holiday properties who like to let out their property to holidaymakers when it is not in use.

3.10% variable rate for 2 years. This is the current Buy To Let Mortgage Variable Rate with a 2.19% discount.  This product has a £1,995  fee. Tiered Early Repayment Charge

Representative Example

A mortgage of £600,000 payable over 25 years initially on a discounted rate for 2 years at 3.10% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £1,555.27  and 276 monthly payments of £2,654.02.

The total amount payable would be £1,372,766.00  made up of the loan amount plus interest (£1,369,836.00  an Application fee of £1,995.00, a Valuation fee £665.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.20% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

Initial Rate for 2 years

Followed by the Buy To Let Mortgage Variable Rate - currently

The overall cost for comparison is
View full mortgage details ›
5.2% APRC

What will the mortgage monthly payments be?

You can use our mortgage calculator tool to find out the monthly repayments for this mortgage. Enter the amount you wish to borrow and then select the length of the loan by sliding the scale. Click Calculate to reveal the Monthly repayments.

Please note the minimum advance for a mortgage is £20,000 (£500 for a further advance on an existing mortgage with the Furness)


from: £0 to: £0
Slide scale from: 1 years to: 30 years

Mortgage Details

Click below for more information:

Holiday Let Criteria


  • up to 90 days per year allowed for personal use
  • maximum LTV 75%
  • interest only or repayment basis considered
  • the applicants must own their own home
  • rent must be at least 125% of interest payable at the initial product pay rate
  • total applicants’ earned income should be at least £30,000
  • applications underwritten on a “full status” basis
  • affordability fully assessed using net earned income plus 50% of actual /anticipated gross rent (either actual amount received or anticipated rent as advised by a specialised holiday let agent)  less all personal outgoings and the proposed new mortgage payment (stress tested at 6.54%)
  • maximum of 1 holiday let mortgage per borrower (the maximum to remain at one account overall including for joint borrowers)
  • where the applicant also holds buy to let properties, the maximum permitted exposure with the Society will be £500,000 and 5 properties and in total 10 properties and £1m (including any exposure with the Society)
  • 3 months satisfactory bank statements to be provided
  • a satisfactory statement of Assets & Liabilities to be provided
  • available mainland UK
  • Minimum valuation £125,000 (60% product £84,000 minimum valuation)
  • Minimum advance £50,000
  • No occupancy restrictions to apply to the security

Please note

Other sub sections

Furness mortgage guide

What to do next?

For more information or to apply for this product you can:

Call: 0845 194 8669› Enquire Online
Furness Mortgage Tools

Furness Mortgage Products

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