Holiday Let Monthly Rental Guidance

Advisor Guidance, if your customer looking at a Holiday Let Mortgage we will need the following

• Anticipated Annual Rental Income       
• Number of weeks expected to be let (max 12 weeks continual)             
• Number of weeks for own use (Max 60 days per year) 
• A holiday let rental assessment is required from a local agent confirming the number of lettable weeks and the total expected annual rental income  
• It will be a condition of the mortgage that a holiday lettings management company be in place for the duration of the let         
• A full valuation is required in all cases, AVM’s are not permitted          
• No portfolio landlords 
• Specialist buildings insurance will be required              
• Are they aware of any limitations to the advertising platform e.g Air B&B max 90 days