Holiday Let Mortgages

Furness is an established mortgage provider of holiday let mortgages and has a range of mortgages to choose from whether your property is in England, Scotland or Wales. 

Unlike some lenders we also allow customers to use their holiday let property for up to 90 days per year for their own personal use, it makes sense that you’ll want to use it too ! 

We adopt a flexible approach to lending and, unlike some lenders, we will include gross holiday rental income as well as personal income when calculating affordability for your mortgage.

  • 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

Holiday let

1What is the property value?

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2What is your deposit?

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Your Loan To Value (LTV)

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