Short Term Lets
Buy-to-Let Mortgages
CHL 2
Suitable for borrowers who intend to let the property for a short period such as a holiday let or serviced apartment.
2 Year Fixed
| LTV | Rate | Fee |
|---|---|---|
| 65% | 3.81% | 7% |
| 4.74% | 5% | |
| 5.48% | 3.5% | |
| 6.25% | 2% | |
| 7.21% | 0% | |
| 75% | 3.91% | 7% |
| 4.11% | 7%
| |
| 4.84% | 5% | |
| 5.58% | 3.5% | |
| 6.35% | 2% | |
| 7.31% | 0% | |
| 7.51% | 0%
| |
| 80% | 4.94% | 5% |
| 5.68% | 3.5% | |
| 7.41% | 0% |
- ERC: 3/2
- Revert rate: BBR* +4.99%
- ICR: Highest of 5.50%; or initial pay rate + 2%
5 Year Fixed
| LTV | Rate | Fee |
|---|---|---|
| 65% | 5.55% | 7% |
| 5.96% | 5% | |
| 6.31% | 3.5% | |
| 6.73% | 2% | |
| 7.17% | 0% | |
| 75% | 5.65% | 7% |
| 5.68% | 7%
| |
| 6.06% | 5% | |
| 6.41% | 3.5% | |
| 6.83% | 2% | |
| 7.27% | 0% | |
| 7.30% | 0%
| |
| 80% | 6.16% | 5% |
| 6.41% | 3.5% | |
| 7.37% | 0% |
- ERC: 5/5/3/3/3
- Revert rate: BBR* +4.99%
- ICR: Pay rate
* Bank of England Base Rate (BBR): 3.75% correct at time of publication
Short Term Lets definition
We define Short Term Lets as Holiday Lettings and Serviced Apartments. Short Term Lets are acceptable where the Valuer confirms:
- the security property is suitable for occupation under an assured shorthold tenancy including any restrictive lease covenants (AST will not be required);
- the ICR calculation fits on the market rent based on an AST;
- and there is demand for the property from both owner occupier and investor buyers.