Holiday Let Mortgage Calculator

Welcome to Holiday Cottage Mortgages!

The UK's leading holiday let mortgage specialist

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.

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

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Getting started is simple

  • 1

    Complete an initial assessment

    Complete and submit the initial assessment, it takes less than 5 minutes.

  • 2

    Leave the heavy lifting to us

    Our team will scour our unique database of holiday let lenders to find you the best rate possible for your situation.

  • 3

    Speak to an Expert

    One of our in-house holiday let mortgage experts will share their findings.

In just 5 minutes ...

Request your free mortgage assessment

Discover how much you can borrow and what the best holiday let mortgage rates are by creating an account and completing our free, initial assessment.

  • Complete the form
  • Answer the assessment questions
  • Receive your personalised results direct from our Experts
  • It's that simple!

It takes no more than 5 mins, after which one of our expert mortgage consultants will provide you with your own, personalised results.


What are our customers saying?

Superb service from start to finish. We were allocated the same person, Crystle, throughout the process. This gave everything a personal touch and a single point of contact, taking away all the hassle. Crystle was excellent; professional, patient and persistent - and always on hand for any questions. The whole...
a week ago via Google
Louise Pinkney
Amber has been brilliant, thorough knowledge of the market and really helpful every step of the way. Would not hesitate to use again or recommend to others.
2 months ago via Google
Holiday Cottage Mortgages were really helpful. I thought it might be difficult getting a holiday let mortgage, but they made the process simple. They were especially helpful in helping us get an extension on the mortgage offer when the buying process took longer than expected. Definitely worth every penny!
3 months ago via Google
Thomas Wormald

Current Mortgage Rate Examples

To help you explore your options, below is a rough guide to some key mortgage criteria, taken from a broad view across the holiday let mortgage market. The following is accurate at the time of writing, but is subject to change:

  • Lowest initial interest rates start at around 5.70% Discount Variable (up to 75% Loan to Value) over 2 years excluding all fees, and the cheapest 3 year fixed rate at 75% LTV is around 6.19% plus fees.
  • If you are thinking of a Limited Company Holiday Let Mortgage, then the best rates start around 6.00% Discount Variable for 3 years.
  • Maximum LTV is normally around 75% and whilst slightly higher levels might be possible, they normally result in higher interest rates.
  • Maximum loan size is usually limited to around £1m for low LTV’s and again, whilst higher is possible, it often comes at a cost in terms of interest rate.
  • Minimum joint income is normally expected to be above £30,000+. If you are self-employed, expect to be able to demonstrate at least 2 years of good trading results.

Please note that these are examples only and are not any suggestion or guarantee that you will be able to get a mortgage offer. We are just trying to be helpful!

Updated: November 2023

Where are the mortgages from?

Any of the usual providers you'd expect to see, plus a few more that you may never have heard of.

Our team speaks directly to banks and building societies, including “intermediary only” lenders and a range of other niche providers to get you the best possible holiday let mortgage.

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.

What's great about us?

We're glad you asked.

With plenty of mortgage lenders and brokers out there, we understand why you'd ask. We're a digital broker with huge knowledge of holiday let mortgages, here to guide you through every step of the way.

  • Simple initial assessment
  • We take care of the legwork for you
  • Whole of market search
  • Personalised results provided by industry experts
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Holiday Let Mortgage FAQs

What interest rates are typical for holiday let mortgages?

Updated: November 2023. Lowest initial interest rates are 5.70% Discounted Variable rate, for a 2 year period, excluding all fees. Fixed rates are currently quite a bit more expensive with a typical 3 year fix at 6.19%. Find out if you are eligible by completing a free initial assessment.

Do you have exclusive mortgage rates?

Being a specialist in the holiday let mortgage market, lenders often allocate exclusive and semi-exclusive rates to us which cannot be accessed by anybody else. Visit our site to find out more about us.

Can you get a mortgage on a holiday let?

You sure can! During the pandemic we have seen unprecedented demand for holiday lets as investors flock to buy a new cottage and cash in on the long-term benefits offered by holiday letting. Tell us about your plans by completing a free initial assessment.

Can I get a Limited Company holiday let mortgage?

Yes you can - we do them all the time! The process is more complex, requiring expert knowledge of company structures, legal charges and sources of deposit, like inter-company or Director's loans. HCM are very experienced in this field and we can guide you every step of the way.

How much deposit do I need for a holiday let mortgage?

You need a 25% deposit, in most cases, to get a holiday let mortgage in the UK. There are one or two lenders that might go higher, but they are not always available. Ready to see if you can get a holiday let mortgage?

Are holiday lets a good investment?

In the right location, holiday lets tend to be more profitable than your classic buy to lets, even after all the costs are taken into account. This is especially true now, in early 2021, as we are (hopefully) coming out of lockdown. To read more about the differences click here or read all about the holiday let business model here. Ready to get started?

How much income do I need to get a holiday let mortgage?

Most lenders want to see some level of personal or “earned” income, other than that generated by property or investments. Typical minimum income is normally £25,000 to £30,000 pa. If you are self-employed, expect to be able to demonstrate at least 2 years of good trading results. Want to know if you will qualify?

Can I get a mortgage on a holiday let?

The answer is: Yes! Even during the pandemic we have seen unprecedented demand for holiday lets as investors flock to buy a new cottage and cash in on the long-term benefits offered by holiday letting. Tell us about your plans by completing a free initial assessment.

How much can I borrow for a holiday let?

Loans of up to £1m are possible, if the property and all other key factors are right. Maximum LTV is around 75% of the property value with slightly better rates offered at 70% LTV, and even better rates at 60% LTV. Want to find out how much you could borrow?

Are holiday lets classed as a business?

Holiday lets are fundamentally residential homes but used in a way that HMRC deems to be a business when they conform to their Furnished Holiday Let regulations. You can read more about it here. Tell us about your plans by completing a free initial assessment!

Holiday let mortgages, done.

Get started today!