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With the holiday let mortgage market constantly changing and on the rise, new lenders are entering the industry and new products are being released to meet this demand.

To keep us updated on developments within the holiday let mortgage sector, we have called upon the expertise of Andrew Soye, Director of the UK’s leading holiday let mortgage broker, Holiday Cottage Mortgages.

Read on to get the latest expert insights surrounding the holiday let mortgage market.


Quarter 1 Roundup

“The current lender market remains polarised with many lenders still hovering by the side-lines waiting for lockdown to be lifted whilst some of the more regular lenders are still open for business with the likes of Hodge, Principality and Monmouthshire offering great deals. The activity levels from a customer point of view are rising fast as the potential of making money from holiday letting is starting to “cotton on” in the wider population of investors.”

Andrew Soye, Director at Holiday Cottage Mortgages.


Quarter 2 Roundup

“The market for holiday let mortgages is changing rapidly as more and more smaller lenders are applying their underwriting skills to design and launch new holiday let mortgage products. The latest to the market is Darlington Building Society with their 3.39% 2 year discounted variable rate. Furthermore, existing lenders are reviewing their rates and criteria in order to make their mortgages more competitive. A good example is Leeds Building Society who recently lifted the maximum Loan to Value (LTV) percentage of their holiday let range from 70% to 75%. The activity levels from a customer point of view are rising fast as the potential of making money from holiday letting is starting to percolate through the wider population of investors.”

Andrew Soye, Director at Holiday Cottage Mortgages.


Let your property with Sykes and earn up to £125,000 per year*

  • Join over 15,000 holiday properties already working with Sykes Cottages
  • We welcome over 26 million web visitors a year
  • Many of our owners achieve more than 45 bookings a year
  • We specialise in turning your holiday property into a profitable year-round income for you

*Based on a 7 bedroom property in the Lake District with bookings between October 2017 to September 2018.

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