Mortgage guide
Holiday Let Mortgages England
England offers the widest range of holiday let mortgage options anywhere in the UK, with more lenders, products, and competitive rates available than in Scotland, Wales, or Northern Ireland. This depth of lender appetite is driven by England’s diverse and well-established tourism markets.
- Published
- 4 Aug 2026
- Last reviewed
- 4 Aug 2026
- Reading time
- 2 min
Holiday Let Mortgages England
England offers the widest range of holiday let mortgage options anywhere in the UK, with more lenders, products, and competitive rates available than in Scotland, Wales, or Northern Ireland. This depth of lender appetite is driven by England’s diverse and well-established tourism markets.
Popular holiday let hotspots include Cornwall, the Lake District, the Cotswolds, Norfolk, Devon, and strong short-stay city locations such as Brighton and select areas of London.
Holiday let mortgages in England are typically available at up to 75% LTV, where rates are most competitive, with up to 80% LTV available from selected lenders in stronger cases. Affordability is assessed on projected holiday let income, not long-term AST rent, and lending is available to personal borrowers, limited companies, expats, and first-time holiday let buyers.
Properties with holiday-only occupancy restrictions are commonly accepted by specialist lenders, and more complex assets can be financed through commercial holiday let mortgage options.
England remains the most flexible and lender-supported market for holiday let mortgages, offering the broadest choice of funding solutions for investors.
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Holiday let mortgage criteria
For context, these are the wider product terms covered by this guide. Availability and eligibility depend on your circumstances and the lender.
| Criteria | Detail |
|---|---|
| Max LTV | 80% |
| Minimum loan | None |
| Maximum applicants | None |
| Non-Homeowners | Acceptable |
| Occupancy restrictions | Acceptable |
| Below market value | Acceptable |
| Day one re-mortgage | Acceptable |
| Expats | Yes |
| Foreign nationals | Yes |
| Locations | England, Wales, Scotland and Northern Ireland |
For context, these are the wider product terms covered by this guide. Availability and eligibility depend on your circumstances and the lender.
| Feature | Detail |
|---|---|
| Loan to Value (LTV): | Up to 75% |
| Interest Rate: | Fixed at 4.75% for 5 years |
| Product Fee: | £995 |
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Frequently asked questions
What is a holiday let mortgage?
A holiday let mortgage is a specialist mortgage for properties rented short term to holidaymakers. It differs from residential and buy-to-let mortgages by assessing affordability on projected holiday income, applying seasonal stress testing, typically requiring higher deposits, and allowing limited personal use only where lender criteria permit.
What is the interest rate for a holiday let mortgage?
Holiday let mortgage interest rates typically start from around 4.75% at 75% loan-to-value for standard residential holiday lets, depending on lender, property type, and fees. Rates are usually slightly higher than buy-to-let mortgages due to specialist underwriting, while commercial holiday lets are priced at higher commercial mortgage rates.
What is the minimum deposit for a holiday let mortgage?
The minimum deposit for a holiday let mortgage is usually 20%, available with a limited number of specialist lenders. Most holiday let mortgages require a 25% deposit, which provides wider lender choice and better pricing, while more complex or restricted properties may require higher deposits.
What makes a holiday let "restricted"?
A holiday let is restricted where planning conditions, a lease, or title covenants limit it to holiday use only, prevent permanent residence, impose seasonal occupancy limits, or tie its use to a holiday park, lodge site, or managed scheme.
Can I convert a barn into a holiday let?
Barns can be converted into holiday lets with suitable consent, financed on completion by a holiday-let mortgage on projected letting income. Some Class Q and planning consents restrict use, which is checked first.
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