Reduced holiday let mortgage rates

If you’re a UK-based or expat holiday let investor, now is a great time to review your mortgage options. Suffolk Building Society has just launched two newly reduced two-year fixed rate products – tailored specifically for holiday let buyers and those who need to remortgage, including expats (writes Howard Reuben, Principal, HCH Financial Services).

With summer bookings heating up, reviewing your mortgage deal could help you increase your net income and cut financing costs.

Reduced holiday let mortgages for UK residents

This new two-year fixed rate mortgage is available for both holiday let purchases and remortgages in the UK.

Key details:

• Initial fixed rate: Now reduced to 5.55%

• APRC: 7.4%

• Loan term: 2 years

• Maximum loan amount: £1 million

• Maximum loan-to-value (LTV): 80%

  
  

Whether you're investing in your first holiday let or reviewing your current setup, this deal could significantly lower your outgoings.

New expat holiday let mortgage rate

If you're living abroad but investing in UK holiday lets, this reduced-rate expat mortgage could be ideal.

Key details:

• Initial fixed rate: Now reduced to 5.89%

• Loan term: 2 years

• Maximum loan amount: £1 million

• Maximum LTV: 80%

Lending criteria snapshot

• Maximum LTV: 80% (product dependent)

• Minimum income: £25,000 (UK residents) or £40,000 (expats)

• Personal use allowed: Up to 60 days per year

• Affordability based on: 30–35 weeks of average rental income across high, medium, and low seasons

• Airbnb-accepted?: Yes – provided you have a lettings agent letter confirming anticipated income

Why this matters

With higher interest rates continuing to eat into margins, now’s the time to reassess your mortgage and secure a deal that boosts your bottom line. Suffolk Building Society's new rates are among the most competitive in the market for short-term rental investors.

If you're planning to buy your next holiday let or remortgage an existing one, these rates could offer meaningful savings over the next two years.

Ready for a summer mortgage review?

Now that the sun’s out, it's the perfect moment to review your financing arrangements and ensure you're maximising profits from your bookings.

To speak with a mortgage specialist who understands the short-term rental market, contact the team at HCH Financial Services: advice@hchfs.com.