Most holiday lets comprise of just a single residential property. A house, or flat or cottage perhaps.

However, there is also a different type of holiday let property – the mixed use and multi-unit holiday let.

In this article:

Holiday let mortgages

What is a Mixed Use Holiday Let?

Mixed use means that the owner (you) lives permanently in part of the property and then rents out other parts as short-term lets or holiday lets.

Think of a large house that may have a self contained annexe.

What is a Multi-Unit Holiday Let?

Unsurprisingly, this is a single freehold title that has more than one building or dwelling that are commercially used as holiday lets.

So a large farmhouse with several converted barns or outbuildings for example.

What Mortgages are Available?

Mortgage finance is readily available but this tends not to be from the standard High Street types of lenders and most loan applications are considered on a case by case basis.

We find this is an advantage as we have access to the specialist mortgage underwriters and we can discuss your situation with them and pre-agree what is possible prior to applying. Yes the decisions are made by real people, not a computer!

We can arrange mortgages upto 75% loan to value (LTV) for purchase or remortgage. Applications are acceptable from individual/s, a partnership or limited company/SPV. The mortgage repayment method can be interest only or capital and interest.

The mortgage finance for these type of holiday let properties, particularly multi-unit properties, is mainly provided by commercial or specialist lenders operating in the hospitality/short-term letting markets.

Multiple holiday units on one title or properties across split titles, can all be financed.

Ready to chat? Please give us a call on 020 8301 7930

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