Mutual moves into holiday let market

Published on

The Buckinghamshire Building Society has entered the holiday let lending market.

It said it is bringing its flexible underwriting approach and niche market specialisation to this segment, specifically offering a lending option for properties in coastal and national park areas.

The new products are as follows:

  • 3.59% Holiday Let fixed rate to 31/05/2025
  • 2.89% Holiday Let three-year discount

Both products have a maximum loan to value (LTV) of 75% and have a product fee of £1,195.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society said: “As a Society we love identifying market trends and responding to them with competitive products and this is no exception – we are delighted to further expand our product portfolio and we are confident this offering will be popular for landlords with properties throughout the country both along the UK’s impressive coastline and within its most treasured rural national park areas.

“This product aims to celebrate the very best of British holidays – a chance for people to enjoy a change of scenery and unwind.”

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

The Yorkshire appoints two non-executive directors

Yorkshire Building Society has appointed Barry O’Dwyer and Philippa Brown as independent non-executive directors. The...

HSBC cuts rates across residential and buy-to-let mortgage ranges

HSBC UK is reducing rates across a broad selection of residential and buy-to-let mortgage...

NHS workers priced out as affordability gap widens

Many NHS workers are being priced out of homeownership with average first-time buyer properties...

Metro Bank strengthens specialist mortgage team

Metro Bank has expanded its specialist mortgage team with a series of appointments and...

Lloyds strengthens housing development team

Lloyds Banking Group has strengthened its housing development team with a new specialist role...

Latest publication

Other news

The Yorkshire appoints two non-executive directors

Yorkshire Building Society has appointed Barry O’Dwyer and Philippa Brown as independent non-executive directors. The...

HSBC cuts rates across residential and buy-to-let mortgage ranges

HSBC UK is reducing rates across a broad selection of residential and buy-to-let mortgage...

NHS workers priced out as affordability gap widens

Many NHS workers are being priced out of homeownership with average first-time buyer properties...