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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. 

Get an idea of how much you can borrow with our affordability calculator. The calculator will work out the maximum amount you could borrow by using a 5 year fixed rate to calculate the highest mortgage possible. Where a 5-year fixed rate is not available, the lowest rate will be used, stressed at +2%. Please contact the team to discuss your specific circumstances.

Affordability calculator

Find out how much you can borrow with our affordability calculators.

Monthly payments calculator

Use the calculator to find out what your monthly payments might be based on the mortgage product and the type and term of your borrowing.

Mortgage details

Error text here

Please scroll down for monthly payments by product.

This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

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.

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