The Intermediary –- May 2026 - Flipbook - Page 86
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STAFFORDSHIRE BS
C AS E ON E
Holiday let in
We would need a breakdown of the high, medium
and low rental income projections, but this looks
very feasible. We are comfortable with short-term
lettings and do not require previous experience.
seasonal area
UNITED TRUST BANK
n applicant is purchasing a property valued
at £340,000 in the Lake District. They have
a 30% deposit and are intending to operate
the property as a short-term holiday let. They
earn £52,000 from employment and own their
residential home with a mortgage. Projected gross
rental income is £32,000 per year, but heavily
seasonal. They plan to use a local management
company but have no prior experience.
A
BUCKINGHAMSHIRE BS
The society can consider a holiday let application,
which is assessed using high, medium, and low
seasonal income. A holiday letting letter from
an agent is required and can be viewed on the
society’s website. The society is happy to consider
this where with no previous holiday let experience,
provided they have their own main residence.
MOLO FINANCE
Molo requires no previous holiday let experience
and offers loans to first-time buyers and first-time
landlords in either personal name or on a limited
company basis. Holiday let properties are simply
assessed as BTL properties. This allows lending
on this basis across England and Wales, not just in
holiday hot spots.
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The Intermediary | May 2026
UTB is a good choice for this case. We require a
minimum income of £50,000. We have no issues
with first time landlords for holiday lets if they
own their own home already and the location
will allow us to use low, medium and high income
figures from a letting agency, which is beneficial
for the ICR calculation.
WEST ONE LOANS
We will have to consider rental income based on
comparables in the area as though it were to be
let as an AST, and do not use projected short-term
let income in our affordability calculations. We are
likely to lend on this property as long as the AST
rental value checks out.
C AS E T WO
First-time landlord with
gifted deposit
A
first-time landlord is purchasing a
£210,000 flat with a 25% deposit gifted
by their parents. They earn £34,000 from
