We manage complex cases, offer bespoke solutions and provide flexible underwriting.
Holiday Lets/Holiday Home/Second Home
L&G Exclusive – 2 Year Discount
Rate 2.59% | LTV 80% | Max Loan £2m
We have the expertise and experience to specialise in managing complex cases – delivering specialist solutions for brokers. Every policy is underwritten manually, which enables us to create highly flexible solutions to complex mortgages. We consider many forms of complex income, including pension, trust income, maintenance and investment as well as standard employed and self-employed. Our pragmatic and sensible approach ensures mortgage applications are individually assessed using common-sense.
Our product:
- Personal usage allowance introduced up to 90 days
- Employed, self-employed or contractors
- No upper age limit
- Available for purchase, re-mortgage or release of equity to include short term holiday letting
- Customer’s earned income is considered from a range of sources
- Holistic view of the applicant’s financial circumstances
- A minimum income of £30k is required
- Gifted deposit accepted (must be from a family member)
In our experience, holiday let purchases are often made by customers with multiple forms of income from a range of financial sources. Mortgage applications assessed by a mainstream retail lender can’t always accommodate customers with a complex income and can be rejected by algorithms.
We believe a specialist lender like ourselves, experienced in this area, are best suited to dealing with the unique aspects of buying a holiday let. You can view all of our products and lending criteria on our website.
We look forward to working with you, and hopefully seeing you again sometime this year.
