Holiday Let Mortgages

The Holiday Let Mortgage Specialists

We are experienced whole of market brokers who can help you get a great holiday let mortgage.

We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed usemulti-lets and Airbnb.

Our mortgage advisers know the lenders and their lending criteria well, enabling us to guide you to the best holiday let mortgage solutions.

What is a Holiday Let Mortgage?

A holiday let mortgage will allow you to purchase or remortgage a UK property and then let it out as a holiday let to paying guests.

It could be used as a holiday let or airbnb but cannot be used for tenants to live in long term (that’s a buy to let)

learn more

75% LTV




How can we help you?

Holiday let mortgages are not a new concept, we have specialised in them since 2006.

But they are extremely popular at the moment and most people will be aware that you can own and rent a furnished house or flat to holidaymakers.

Even though the mortgage market is well established there are quite a few lenders that only deal with brokers and not direct with the public. And holiday lets have a unique status as they are a residential property that you let out (like a buy to letand you can also use it yourself for personal holidays (like a holiday home).

Our mortgage brokers are all highly experienced in this sector and we frequently work with lenders to look at the lending market and see what product improvements are possible.

Here’s what we can do:

Source 75% LTV mortgages

Provide impartial, independent whole of market advice

Access to exclusive schemes not widely available to others

Include options from broker only and specialist lenders

Provide solutions for unusual and mixed use properties

Ideas regarding splitting titles and developments

Help where properties are affected by the six month rule

Talk directly to lenders about your holiday let project

Deal with holiday let remortgages and product transfers

Provide holiday park finance to site owners

Offer an efficient advice process over the phone and email

Full administration of your mortgage application


Since 2006 Drake Mortgages has been a leading specialist broker for holiday home finance.

Where to now…?

Our advisers can help with any type of holiday let. So whether you are looking to buy a country cottage, convert a barn or remortgage a lighthouse, please give us a call.

What is a Holiday Let Mortgage?

A holiday let mortgage will allow you to purchase or remortgage a UK property and then let it out as a holiday let to paying guests.

We explain how much you can borrow, the repayment options and basic lending criteria.

What is a Furnished Holiday Let?

When let out a Furnished Holiday Let (FHL) provides an income which exceeds what would be possible from an equivalent buy to let.

There’s the opportunity for you to enjoy holidays there while the letting income pays for the running and upkeep.

Holiday Let Mortgage Criteria

The criteria that lenders impose for holiday lets is different to other mortgage types. It sits alongside buy to lets in basic principles but the lending market is smaller and the selection more individual.

All you need to know about the holiday let mortgage lending criteria.

Holiday Let Mortgage Deposits

How much deposit do I need for a holiday cottage mortgage? Typically around 15-25% depending on how the property will be occupied.

Where your deposit has come from is as important as how large it is, find out why.


Are mortgages available for Airbnb holiday accommodation? How easy is it to get an Airbnb mortgage.?

Now well established across the world Airbnb has dramatically changed the short term letting industry.

Limited Company Mortgages

Are holiday let mortgages available for Limited Companies?

Limited Companies and Special Purpose Vehicles (SPV) are able to own a holiday let property with a mortgage.

Mortgages for expats

Are holiday let mortgages available for expats?

They are available, but trying to find a willing lender can be a bit tricky, especially if you also want to use an SPV!

Mixed Use and Multi-Unit

There’s no set structure for these but often the situations include multiple units, outbuildings, annexes, flats and an owner that wishes to live on site.

We can arrange mortgages upto 75% loan to value (LTV) for purchase or refinance.


We can provide a full whole of market remortgage service for your holiday cottage, or potential holiday let.

Our expert brokers have access to all of the holiday let mortgage lenders, including specialist & commercial lenders and our own exclusive schemes.

Frequently Asked Questions

Holiday let mortgages sit in a unique position. They are very similar to buy to let mortgages but not quite the same. This poses lots of questions.

On this page we list just some of our frequently asked questions concerning holiday letting.

Property Guide

Will your idea of the perfect holiday let cottage and location fit the lender’s rules for this type of mortgage?

A holiday home is a very desirable asset to own but one which is to be let out as a way of financing the running costs is assessed differently.

Holiday Let Insurance

Ordinary home insurance is not enough to ensure your holiday let is properly covered. Choosing a specialised insurance policy is vital to protect it from risks such as burglary and accidental damage.

There are many other reasons why you should choose the right insurance product for your holiday home.

Holiday Park Finance

We have a range of holiday park finance solutions that can help you expand your business and make the most of the increased demand for UK holidays.

Commercial finance suitable for freehold holiday parks. Funds available for site owners to purchase, develop, refurb, refinance and expand.


Simply call us on 020 8301 7930 to speak with an expert mortgage broker.

Development Finance

Property development for holiday let has gained significant traction in recent years. With the rise of platforms like Airbnb, the UK holiday let market has become a lucrative investment opportunity.

This guide aims to provide a comprehensive resource on property development for UK holiday let, highlighting its benefits, the process involved, financing options, and much more.


Holiday let projects comprising of mixed use and multi-units are very interesting to work on and are not easily accepted by the mainstream lenders.

Fortunately, we have a lot of experience assisting clients with them.

There’s no set structure for these but often the situations include multiple units, outbuildings, annexes, flats and an owner that wishes to live on site.

Tell me more about mixed use and multi-unit mortgages.

Property Insurance

Your holiday let needs specialist insurance to make sure you, your investment and your guests are fully covered and legal.

Mortgage Criteria

We hope to explain the main parts of the mortgage criteria which apply to both the premises and the applicants.

The Right Advice

Holiday cottage mortgages are more difficult to arrange than normal residential mortgages and are also very different from standard buy to let mortgage schemes. In fact you cannot use a buy to let mortgage on a house used for short term holiday lettings. The main reasons are that there is no AST and the holiday rental income cannot be calculated using normal criteria. You will also find some holiday let properties have a usage restriction at the Local Authority.

However, as a specialist independent mortgage broker we are able to arrange finance at competitive terms with the mortgage based on the holiday property’s rental income. We also have a number of exclusive mortgage products available upto 75% LTV (loan to value). Our in depth knowledge will guide you through the lending criteria and best interest rates from the UK’s specialist lenders in this market.

Mortgages for limited companies and SPV’s are available.

We can help with unusual properties including multi letsmixed use and Airbnb.

By using an experienced mortgage broker you will gain access to lots of mortgage choices, help and advice, and the ability to secure finance for all property types including mixed use, multi lets, restricted use and Airbnb.

If you would like to discuss holiday cottage mortgages or holiday home mortgages then please call us on 020 8301 7930 or complete our online enquiry form.

Mark has helped clients with holiday lets since 2006 and is Head of holiday let, hotel and development finance.


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Thank you for your help throughout this process, we are very happy with the service provided and would not hesitate to recommend you.

Kat & Gary

Camden London N9
Kerry has been an invaluable resource for us not once, but twice over the past five years, assisting us with both our initial mortgage and subsequent remortgage. Kerry's expertise and knowledge are truly commendable.

Ella Green

Best service I've ever had from a mortgage advisor, or any financial advisor for that matter! Always very professional but also practical and personable. Every step of the way, we had help and answers available to us.

Amanda Aldercotte

I recently worked with a mortgage advisor Kerry who was exceptional. She was knowledgeable, responsive, and provided excellent customer service. I highly recommend Drake Mortgages to anyone in need of mortgage guidance and support. Thank you for making my experience stress-free and straightforward!

Ieva Umbrasaitė

It’s great news. Many thanks for everything and your service as always. Will be back in touch when we next need your help.


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Really knowledgeable and friendly service. Communication and speed of responses was excellent. Thank you.

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