Holiday Lets. Short-Term Lets. Specialist Solutions.
The alternative rental market continues to create opportunities for landlords, but increasingly restrictive criteria can make Holiday Let and Short-Term Let cases harder to place.
Whether your client is investing through an SPV, purchasing in a staycation hotspot, or looking for greater affordability flexibility, Foundation offers specialist lending solutions designed to help more cases progress.
With a flexible underwriting approach and specialist criteria, Foundation helps brokers place more business, keep cases moving, and continue making mortgages happen.
Why Foundation makes a difference:
- Holiday Lets accepted within SPVs: We accept Holiday Let properties held within Special Purpose Vehicles (SPVs), using the same criteria as our standard Buy to Let cases, helping support a wider range of landlord structures.
- Short-Term Lets accepted within SPVs: Foundation also accepts Short-Term Let properties within SPVs, providing greater flexibility for landlords investing through limited company structures.
- Flexible affordability assessments: Holiday Let income can be averaged from high, medium and low holiday rental income figures from established earnings (for remortgages) or reputable letting agency forecasts (for purchases), calculated over 39 weeks, providing a practical way to assess affordability and helping more cases progress. For eligible Short-Term Let cases, the property will be valued and rental coverage assessed on the same basis as a standard Buy to Let, with no Assured Periodic Tenancy (APT) required, providing a practical and flexible approach to affordability assessment and helping more cases progress.
- Broader property location appetite: We consider Holiday Let properties in staycation destinations and Short-Term Let properties in city-centre locations, helping support a wider range of investment opportunities.
- Support for individual and limited company borrowers: Whether your client is purchasing personally or through a limited company, Foundation can help.
Got a Short-Term Let case to discuss?
Speak to your Regional Account Manager today to discover Foundation’s criteria and see how our specialist lending solutions can help you support more clients, and keep making mortgages happen.