Hodge launches new mortgage for UK holiday let owners

Hodge has launched a new mortgage for clients interested in owning a holiday let property in the UK.

Customers up to the age of 95 will be able to borrow a maximum of £1.5m. 

The mortgage allows the property to be let via Airbnb and offers up to 90 days occupancy per year for property owners.

In addition, early repayment fees are waived if the landlord sells the property and pays off the mortgage in full.

Emma Graham, business development director at Hodge (pictured above), said: “We have seen an increase in enquiries from those looking to buy a holiday let, so we’ve developed a product that will allow the maximum flexibility when trying to do this.”

Research by OnePoll has revealed that more than a third of Brits (36%) would like to own a holiday home.

Additionally, the Skyes Staycation Index 2019 showed that south-west England, north Wales and Cumbria were the most popular destination regions for holiday bookings in 2018.

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