The Buckinghamshire Building Society has entered the holiday let lending market.
It said it is bringing its flexible underwriting approach and niche market specialisation to this segment, specifically offering a lending option for properties in coastal and national park areas.
The new products are as follows:
- 3.59% Holiday Let fixed rate to 31/05/2025
- 2.89% Holiday Let three-year discount
Both products have a maximum loan to value (LTV) of 75% and have a product fee of £1,195.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society said: “As a Society we love identifying market trends and responding to them with competitive products and this is no exception – we are delighted to further expand our product portfolio and we are confident this offering will be popular for landlords with properties throughout the country both along the UK’s impressive coastline and within its most treasured rural national park areas.
“This product aims to celebrate the very best of British holidays – a chance for people to enjoy a change of scenery and unwind.”