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?
"The HCM portal is such an easy way of uploading all the necessary documents and guides you through the application"
Property purchased in Wales
"We have been very impressed by the expertise and support we have received, and the online tools were very user friendly..."
Property purchased in Dorset
"HCM are a great, professional, mortgage advisor who knows the holiday let market very well and understands which lenders will match..."
Property purchased in York
Getting started is simple
Complete an initial assessment
Complete and submit the initial assessment, it takes less than 5 minutes.
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.
Speak to an Expert
One of our in-house holiday let mortgage experts will their findings.
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. Please be aware that Covid-19 has had a considerable impact on current holiday let mortgage lending and the number of lenders currently serving the market has temporarily reduced, but they are gradually coming back.
The following is accurate at the time of writing, but is subject to change:
- Maximum Loan To Value (LTV) is normally around 75% and whilst slightly higher levels might be possible, they normally result in much 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.
- Lowest initial interest rates start at around 2.49% usually on a variable rate for a 2 year period, excluding all fees. Such low rates are only available for “perfect fit” clients where both the property and customer profile are considered to be low risk by the lender and the LTV is low at around 60% or less.
- Minimum joint income is normally expected to be above £30,000, but can rise to over £80,000 for the better deals and those mortgages with higher LTV’s or bigger loan sizes. 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: 2 July 2020
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
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.
We are here to help.
Through every single step.
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.