5 year discount rate holiday home [JD004]

Discounted for 5 years

This product may be withdrawn at any time.

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arrangement fee
This fee can be paid upfront or added to the mortgage amount. If the fee is added to the mortgage then interest will be payable on the fee at the same rate as the mortgage.
no fee
booking fee
This fee must be paid on application. We are unable to accept payment of the fee by credit card.
no fee
initial rate
2.00% discount from our Standard Variable Rate for 5 years
followed by our SVR 5.24%
The overall cost for comparison is 4.7% APRC

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.

Mortgage amounts

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.

Alex is here to make lending easy 0121 521 4000* Getting in touch
Our lines are open:
Monday - Friday9:00 - 17:00
Saturday - SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

We're here to help

  • Discuss affordability
  • Process your decision in principle
  • Help you understand our criteria
  • Make things easier for you
"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
Charles Derby Mortgage Bureau