Holiday Lets - What do we do?


At Dudley Building Society we seen the demand for Holiday Lets continues to increase in recent years. We are dedicated to helping you achieve their aspirations of becoming first landlords or adding to their portfolio. 

Whether it is an unusual construction, unique circumstances or they are struggling to meet affordability. Our criteria have been designed to help them to overcome hurdles that other lenders can’t

USP's
  • Up to 80% LTV
  • Average rental of the high, medium & low over a 10 month period 
  • Property can be occupied by applicants for short periods of the year
  • Up to the three mortgaged rental properties
  • Can be located anywhere in England & Wales
  • Unusual construction considered 
Our Holiday Let products
Code
Product Description
Rate
Min/Max Advance
APRC
Purchase / Remortgage
LTV
Arrangement Fee
Code
25148
Product Description
3.76% Holiday Let Two Year Discount
Rate
5.23%
£25,000-£1,000,000
APRC
8.3%
Min/Max Advance
£25,000-£1,000,000
Purchase / Remortgage
Available for:
Purchase & Remortgage
Ltv
80.0%
Arrangement Fee
750.00
Code
25146
Product Description
5.64% Expat Holiday Let Five Year Fixed (until 31/12/2029)
Rate
5.64%
£25,000-£1,000,000
APRC
7.7%
Min/Max Advance
£25,000-£1,000,000
Purchase / Remortgage
Available for:
Purchase & Remortgage
Ltv
80.0%
Arrangement Fee
1999.00
Code
25144
Product Description
5.38% Holiday Let Five Year Fixed (until 31/12/2029)
Rate
5.38%
£25,000-£1,000,000
APRC
7.6%
Min/Max Advance
£25,000-£1,000,000
Purchase / Remortgage
Available for:
Purchase & Remortgage
Ltv
80.0%
Arrangement Fee
1499.00
Code
25129
Product Description
6.15% Holiday Let Two Year Fixed Rate
Rate
6.15%
£25,000-£1,000,000
APRC
8.8%
Min/Max Advance
£25,000-£1,000,000
Purchase / Remortgage
Available for:
Purchase & Remortgage
Ltv
80.0%
Arrangement Fee
750.00
Code
25122
Product Description
2.65% Expat Holiday Let Discount for Term
Rate
6.34%
£25,000-£1,000,000
APRC
6.7%
Min/Max Advance
£25,000-£1,000,000
Purchase / Remortgage
Available for:
Purchase & Remortgage
Ltv
70.0%
Arrangement Fee
999.00
Code
25123
Product Description
2.55% Expat Holiday Let Discount for Term
Rate
6.44%
£25,000-£1,000,000
APRC
6.8%
Min/Max Advance
£25,000-£1,000,000
Purchase / Remortgage
Available for:
Purchase & Remortgage
Ltv
80.0%
Arrangement Fee
999.00
Code
25133
Product Description
6.35% Expat Holiday Let Two Year Fixed Rate
Rate
6.35%
£25,000-£1,000,000
APRC
8.8%
Min/Max Advance
£25,000-£1,000,000
Purchase / Remortgage
Available for:
Purchase & Remortgage
Ltv
80.0%
Arrangement Fee
999.00
Code
25072
Product Description
2.20% Discount for Term Holiday Let Further Advance
Rate
6.79%
£5,000-£1,000,000
APRC
7.1%
Min/Max Advance
£5,000-£1,000,000
Purchase / Remortgage
Available for:
Advance only
Ltv
80.0%
Arrangement Fee
0.00
Our Key Criteria
Our Criteria

The whole property must be used as a holiday let. We cannot consider Individual rooms or sections of the property to be let out separately.

  • Existing BTL assessment rules apply; therefore, applications may be assessed on either an ICR or full affordability basis depending on the scenario of the borrower. 
  • Borrowers are allowed to use the property for personal use when not rented.
  • For valuation purposes, the valuer will confirm there is a sustainable market, on the assumption of a 6–12-month AST basis.
  • The valuer will also confirm that there are no onerous restrictions or covenants affecting the usage of the property, e.g. no holiday parks or restricted usage periods.

Second Home - What do we do?


At Dudley Building Society we don't believe in putting your clients into boxes. So, borrowers looking for a second home mortgage have full access to our residential products, subject to the below criteria.

  • Maximum loan to value of 80% 
  • The property must be used for owner occupation only 
  • We will only accept properties located within England and Wales

For all our residential products please follow the link Here.

Contact Us

Contact our Intermediary Team with any case queries you may have.

Find out more
Find out more