Holiday Let Mortgages

Furness Building Society is an established provider of holiday let mortgages and has a selection of products to choose from. Our flexible approach means that unlike some lenders, we will include gross holiday rental income as well as personal income when calculating affordability for your mortgage.

View our criteria and then use the calculator below to work out your loan to value and view our Holiday Let Mortgage products. If you have any doubt about whether these meet your requirements, please contact us using the link below.

  Contact us

  • 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 8.79%)
  • 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

Some Key Features of our holiday let mortgages

  • A flexible, sensible approach to calculating affordability by using gross holiday rental income as well as personal income.
  • Use the property yourself for up to 90 days per year! Enjoy the benefit of owning the property as well as the investment return 
  • Mortgages considered on interest only or repayment basis
  • Available on properties across mainland UK
  • Maximum loan to value of 75%
View Holiday Let Mortgages

Holiday let Mortgages - Loan to Value Calculator

Use the calculator below to work out your loan to value and view our Holiday Let Mortgage products.

1What is the property value?

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2What is your deposit?

£

Your Loan To Value (LTV)

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