Mortgage guide
Mixed use Holiday let Mortgage
A mixed-use holiday let mortgage is designed for properties that combine holiday let accommodation with commercial elements, or where part of the property is used for a different purpose alongside short-term letting. These mortgages sit between standard holiday let and full commercial lending and are arranged through commercial buy-to-let lenders or commercial mortgage lenders.
Mixed use Holiday let Mortgage
Mixed-Use Holiday Let Mortgage
A mixed-use holiday let mortgage is designed for properties that combine holiday let accommodation with commercial elements, or where part of the property is used for a different purpose alongside short-term letting. These mortgages sit between standard holiday let and full commercial lending and are arranged through commercial buy-to-let lenders or commercial mortgage lenders.
Loan-to-Value (LTV)
Mixed-use holiday let mortgages are typically available at up to 75% loan-to-value (LTV). This reflects the additional complexity and risk associated with mixed-use assets compared to single-use residential properties.
Experience and Borrower Criteria
Lenders are generally pragmatic in this space:
- No prior experience is required where the property comprises fewer than four holiday let units
- First-time buyers (FTBs) may be accepted on larger schemes, provided they can demonstrate a minimum personal income of £50,000
Applications are assessed on the overall strength of the property and income profile, rather than experience alone.
Suitable Property Types
Mixed-use holiday let mortgages are suitable for a wide range of scenarios, including:
- A holiday let flat above a commercial unit (shop, café, or office)
- Properties with integrated commercial elements
- Small mixed-use holiday let schemes
These property types typically fall outside standard buy-to-let or residential holiday let criteria.
Lending Route
Finance is arranged through:
- Commercial buy-to-let mortgage lenders, or
- Commercial mortgage lenders
Valuations and underwriting will reflect both the residential holiday let income and the commercial component.
Talk it through with an adviser
Speak to a Mortgage Lane adviser about your circumstances and the next steps.
