Holiday Let with Darlington Intermediaries

The rise in staycations has led to a boom in the market, with holiday let enquires going up by 35% compared to pre-pandemic Britain. With 168,000 holiday lets in the UK generating ￡2.1bn annually, holiday lets are clearly one people are looking at as a shrewd investment.

Just like our buy to let offering, our holiday lets are based on ICR, so no affordability assessment is required. With a minimum income of ￡25,000, we offer an average let agreement of 30 weeks as standard. But we do consider the demand for your client’s rental property, such as out of season letting, and can offer up to 43 weeks.

We work with local estate agents to decide a sensible level of demand for the proposed holiday let as well as the low, mid, and high season rental figures. By creating this picture, we give your client a higher chance of a successful application.

We pride ourselves on our ability to place your trickier case and are happy to consider eligible applications from first time buyers/first time landlords, non-owner occupiers and expats.

We keep things personal at Darlington Intermediaries and only accept applications from individuals, not corporate bodies.

We are happy for our holiday lets to use the incredible opportunity created by the popularity and success of Air BnB. We also accept applications for properties above commercial units if the area is desirable.

We allow up to 90 days personal and family usage of the holiday let, after all why should your clients’ renters be the only ones to enjoy the property.

Regardless of whether your client is looking to invest in a coastal property, city apartment, or a cottage tucked away in the countryside, our holiday let mortgage can propel them down the path of holiday rentals.

To place your holiday let case, contact the Intermediary support team or your local BDM today.

Or, for more information regarding our products and criteria, visit our website here.