Holiday let mortgages

A home from home - Helping you buy a holiday home is just as important to us as it’s always been. Our mortgage advisors are offering the same level of help with the home you’ve found, from the safety of theirs.

Now Could Be The Ideal Time for a Holiday Let Mortgage

Staycations & the rise of Holiday Let Mortgages

The increasing number of Britons holidaying in the UK is creating the perfect environment for a thriving holiday rental market – and real demand for Holiday Let mortgages.

Teachers Building Society provides specially designed mortgages for properties to be used as a Holiday Let – and can lend up to 75% loan to value, meaning you would need to put down a 25% deposit on your purchase. Our Holiday Let mortgages are available to applicants with any occupation - not just for teachers and education professionals.

More about our Holiday Let mortgage products

Teachers Building Society specialises in Holiday Let mortgages – specialist in-house underwriters mean we’re not reliant on a computer generated response, allowing us to consider more unusual mortgage applications. You can take advantage of:

Lending up to £1 million at 75% LTV.
Minimum income of £25,000 or for joint applications a combined income of £40k.
Maximum age at end of term 83.
Lending is calculated on projected average rental income. For remortgages, we use 100% of rental received.
Free valuation up to £800k.
Property can be marketed for rent through AirBnB type platforms.

You can call 0800 378 669 or arrange a call with us by completing the form below.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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Holiday Let Lending Criteria

Lending Criteria	Description
Location	Areas associated with a demand for Holiday Let properties
Rental Assessment	Purchase Average of low, medium & high season weekly rates x 30 - Evidenced by Letting Agent Confirmation Remortgage Based on 100% of actual rental receipts over the last 12 months Where less than 12 months rental history based on purchase assessment
Restrictions	Not available for properties on holiday parks or which have restrictive usage covenants such as a holiday let covenant.
Marketing	Property can be marketed for rent through AirBnB type platforms.

Holiday Let mortgages are non-regulated products and therefore are not regulated by the Financial Conduct Authority.