Furness BS launches new holiday let mortgages

Furness Building Society is an established provider of holiday let mortgages and the provider also has a fair selection of mortgage products to choose from.

Furness Building Society is one of only a handful of lenders to offer specially designed mortgages for properties used as holiday homes. These mortgages are for owners of holiday homes who stay in the property themselves or who let out to holidaymakers.

Furness Building Society take a flexible approach when assessing this type of mortgage. There are some minimum requirements, and one of our advisers will be happy to discuss these with you. However, the mortgage provider will permit borrowers to use some gross rental income from the holiday let. In addition, your personal income can be taken in to account, if needed, to support overall affordability.

Some Key Features of the Furness Holiday Let Mortgage include:

a flexible and sensible approach to calculating affordability. Using gross holiday rental income as well as personal income.

  1. Personal use of the let property is allowed for up to 90 days per year.
  2. Mortgage applications can be considered on both an interest only or repayment basis.
  3. Loans are available on properties across mainland UK.
  4. Maximum loan to value of 75%.

Furness Building Society have a range of mortgage products available for Home Holiday Let. These including both fixed and variable rates.

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