Charles Derby Mortgage Bureau"Thank you for your help and assistance in this case, it takes me back to the good old days of everything being manually underwritten."Peter Matthews
5 year discount rate holiday home [JD004]
Discounted for 5 years
This product may be withdrawn at any time.back to comparison list
Product key features
Who's the product for?
If your clients are looking for a mortgage on a holiday home and are planning to let it out on a short-term let basis, then we can help.
The sole purpose of the property cannot be to let out on a permanent basis. Your client must occupy the property at some periods during the year.
We'll even accept properties on an AirBnB basis.
There's a minimum mortgage amount of £50,000 and a maximum amount of £750,000.
The minimum property value is £75,000 which increases to £250,000 for properties located within the M25 corridor.
The maximum loan to value is 75%.
Interest rate floor
The interest rate is floored and can't fall below 2.99%.
Mortgage repayment terms
Mortgage repayment terms are allowed between 5 years and 35 years.
Early Repayment Charges
There are no Early Repayment Charges meaning your clients can make overpayments whenever they like without charge.
We're here to help
- Discuss affordability
- Process your decision in principle
- Help you understand our criteria
- Make things easier for you
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.