Holiday let mortgage enquiries still strong

Published on

The holiday let mortgage market is still extremely popular with investors despite the easing of Covid-19 lockdown restrictions, according to a webinar poll conducted by Hampshire Trust Bank.

55% of broker respondents said they had written a holiday let case over the past 12 months.

84% of respondents said they had received more holiday let enquiries since the onset of the pandemic in 2020 and 48% had even seen more enquiries since restrictions were lifted earlier in the year.

In addition, brokers were asked what the most popular regions in the UK for holiday let enquiries were over the past 12 months. For 54% or respondents, the South West of England was the most popular location, followed by Cumbria and the Lake District (26%), the South Coast (23%) and East Anglia (14%).

These responses emerged during a recent Hampshire Trust Bank webinar on staycations and holiday let mortgages, which had nearly 100 brokers in attendance.

Louisa Sedgwick, managing director, specialist mortgages at Hampshire Trust Bank, said: “These findings show there is still significant demand for holiday let mortgages. The staycation boom we witnessed during the pandemic shows little sign of abating in the short-term.

“The fact that almost half of brokers taking part in the webinar have seen an increase in enquires since Covid restrictions were lifted clearly indicates the strength of demand for holiday let mortgages in the UK.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

UTB cuts buy-to-let rates by up to 190bps

United Trust Bank has announced significant rate cuts across its buy-to-let mortgage range, reducing...

Govt’s homebuying reform ‘could cut buying times by four weeks’

The government’s proposed overhaul of the homebuying process could save first-time buyers an average...

IMLA back overhaul of home buying system amid call for clarity and professionalism

The Intermediary Mortgage Lenders Association has welcomed the government’s consultation on reforming the home...

DPT Monitoring Surveyors launches 24-hour Rapid Reports to speed up drawdowns

DPT Monitoring Surveyors has introduced a new service designed to accelerate the release of...

LendInvest launches 8.25% retail bond and exchange offer

LendInvest has announced the launch of a new retail bond paying 8.25% as part...

Latest publication

Other news

UTB cuts buy-to-let rates by up to 190bps

United Trust Bank has announced significant rate cuts across its buy-to-let mortgage range, reducing...

Govt’s homebuying reform ‘could cut buying times by four weeks’

The government’s proposed overhaul of the homebuying process could save first-time buyers an average...

IMLA back overhaul of home buying system amid call for clarity and professionalism

The Intermediary Mortgage Lenders Association has welcomed the government’s consultation on reforming the home...