The Holiday Let market continues to create opportunities for landlords looking to diversify their portfolios. As demand for Holiday Let properties grows, brokers need a lender that understands the unique requirements of this specialist sector.
At Foundation, we take a specialist approach to Holiday Let lending, helping you place more business with confidence and keep cases moving, making mortgages happen.
Why Foundation makes a difference:
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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 broader range of landlord structures.
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Flexible approach to affordability: We can use an average of 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.
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Support for individual and limited company borrowers: Whether your client is purchasing personally or through a limited company, Foundation can help.
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Consideration of typical UK staycation destinations: We consider Holiday Let applications in popular UK holiday hotspots, helping support a wider range of property locations.
Got a Holiday Let case to discuss?
Speak to your Regional Account Manager today to discover Foundation’s Holiday Let criteria and see how our specialist approach could help you place more cases, support more clients, and keep making mortgages happen.