Skip to content Sitemap

Holiday Let mortgages

Bath Building Society is one of only a few lenders to offer holiday let mortgages for people who want to buy a property to rent as a holiday let.  We will consider remortgaging an existing holiday let property for home improvements or purchase of another property. Personal use of the property is permitted for up to 60 days and we will allow the property to be let out as an Airbnb during periods when the property is unoccupied. 

Affordability calculator

Find out how much your client can borrow with our affordability calculators.


Variable mortgages

The mortgages listed below move on to our Standard Variable Rate, 5.60% (variable), after the initial rate period.  Our SVR is increasing to 5.75% (variable) from 1st July 2022.

There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

Product
name
Initial
rate i
Discount
from SVR i
Overall cost for
comparison i
Max %
LTV i
Product
fee i
Mortgage
repayment
Holiday Let variable for 2 years See example4.20%1.40%5.6% APRC70%£1,499
£XXX.xx per month
See details

Representative example: A mortgage of £215,000.00 taken out for a period of 26 years on an interest only basis.
Monthly instalments: £752.50 per month for 23 months, followed by £1,007.07 per month for 288 months.
Total amount payable: £524,337.66.
Total amount of credit: £215,000.00.
The total amount payable includes valuation fee £395, product fee £1,499 and closing fee £100.
The overall cost for comparison is 5.6% representative APRC.
This example relates to the Holiday Let 4.20% variable for two years product. It is based on our current Standard Variable Rate of 5.60%, with no fees added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

Ltd Company Holiday Let variable for 2 years See example4.20%1.40%5.6% APRC70%£1,999
£XXX.xx per month
See details

Representative example: A mortgage of £245,000.00 taken out for a period of 25 years on an interest only basis.
Monthly instalments: £857.50 per month for 23 months, followed by £1,147.60 per month for 276 months.
Total amount payable: £583,954.10.
Total amount of credit: £245,000.00.
The total amount payable includes valuation fee £395, product fee £1,999 and closing fee £100.
The overall cost for comparison is 5.6% representative APRC.
This example relates to the Ltd Company Holiday Let 4.20% variable for two years product. It is based on our current Standard Variable Rate of 5.60%, with no fees added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

This section is for use by professional Intermediaries only. If you are a customer please visit our Mortgage section.