Holiday Let Mortgages
Done.

"Just 5 mins to your free, personal,
holiday let mortgage assessment"

Start an application now to support your property purchase

5 mins to initial review

Remortgage or a brand new mortgage, get started now

5 mins to initial review

See what you could borrow without creating an account

Get real time estimates!

The smarter way to get a holiday let mortgage

Tailored form

Beautifully simple, online application form

Customised journey

Our technology asks only the questions you need to answer

Stay updated

SMS and email application updates

Free assessment

Quick, initial assessment by a mortgage expert

Beautifully presented workflow

Trusted experts

We are trusted brokers

Trusted

We are fully authorised to arrange holiday cottage mortgages on your behalf, taking away the hassle and misery of the traditional mortgage process, leaving you with more time to focus on your new holiday home

We are experts in holiday cottages

Experts

HCM was founded by holiday letting experts who understand the holiday letting market, ensuring your mortgage application is properly structured and completed, giving you the best chance of success

Market Update: Quarter 3, 2022

What a year this is turning out to be! We've put together a brief market update to give you a summary about the outlook for holiday letting. Below are some key points:

Mortgage rates

We're continually keeping a close eye on the holiday let mortgage market following the recent rate rises by The Bank of England. In summary, two year Fixed Rate products have increased quite considerably due to movements in the underlying swap rate. Five year Fixed Rate products are still quite good and there are plenty of two year Discount Variable options on the market for those who don't mind rate fluctuations.

By way of actual figures, when looking at 75% LTV deals, the best two year product is a Discount Variable of 2.59% and the best two year Fixed Rate is 3.29%. The best five year deal is 3.59% Fixed Rate. The gap between two and five year deals has really closed!

Lender service levels have dropped considerably in the last few weeks and the timeframe from application to offer has extended to around 8 weeks. Make sure you give yourself enough time to take this into account and manage expectations in the chain accordingly.

Letting criteria

In the current market, the lending conditions are also stable for now. Since the furlough scheme ended, the underwriting of personal income has returned to normal levels although some lenders still want to see some level of spare cash in the background.

Mortgage lenders & products

We've recently seen more lenders coming to the market with new offerings. We have also noticed existing lenders amending new products for buyers and one example is The Nottingham and Marsden Building Society.

How it works

  • 2

    Free initial assessment

  • 3

    Complete the online form

  • 4

    Best mortgage sourced

  • 5

    Application submitted

HCM on Mobile & Tablet

We are here to help

Alongside our smart technology, we provide fully qualified mortgage advice, ready to help you every step of the way.

Read our expert advice

Learn how to get the most from our system by reading our Starter GuideFAQ and Information Checklist or get insider insight from holiday let experts by clicking on one of our articles below, or by visiting our Help and Advice centre.

Here at Holiday Cottage Mortgages, we think getting a mortgage for your holiday let should be easy and transparent. That’s why we put together a platform that could help the process move much more smoothly for customers, minimise paperwork and give people the best chance of success from their application.

We are holiday letting experts with experience working in the industry, and so we know the challenges of the mortgage process for new holiday lets across the UK. We can help you manoeuvre across the bumps that appear along the way whether you’re a cottage in the highlands of Scotland, house on the coast of Wales or a holiday home tucked in a beautiful village in England.

That leaves you to focus on what you want to do: running a successful holiday let business and filling it with happy holidaymakers!

"Holiday Cottage Mortgages blends niche mortgage skills with holiday letting experience to offer a genuinely unique solution to existing and soon-to-be holiday let owners."

Let's get started!

Start an application now to support your property purchase

5 mins to initial review

Remortgage or a brand new mortgage, get started now

5 mins to initial review

See what you could borrow without creating an account

Get real time estimates!