Holiday Let mortgage loans

Buy a home that you can rent out throughout the year.

It's easier to get a mortgage loan with Molo

Apply easily online

There’s no paperwork or appointments to worry about.

Faster decisions

Automated decisions lead to faster approval times

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Our team’s on hand to help, whenever you need them.

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Check your eligibility

Find out if you meet our full lending requirements before applying

Yorkshire buy to let properties

Requirements

Holiday Let mortgages

Standard AST rental affordability test applies.

Up to 75% Loan to Value (LTV)

We currently lend up to 75% LTV for Holiday-let properties

Physical valuation

A physical valuation is required to decide the suitability of the property

Experienced landlords

Landlords must have 12 months’ experience renting out a property

Our Holiday Let mortgage loans

The tracker mortgage calculations below are based on a loan amount of £195,000.
For a personalised illustration, please visit our mortgages rates page.

2 Year Tracker

5.29%

Monthly payment
£860.00
Product fee
2.00%
£3,900

True cost
£24,531

LOAN DETAILS

  • Initial rate term
    24 months
  • Loan amount
    £195,000
  • Mortgage term
    25 years
  • Follow-on rate
    4.99%

This is a variable rate made of: a fixed rate of 1.99% above the Bank of England base rate (currently 3%)

Payments

  • True cost
    £24,531.12
  • Initial monthly payment
    24 x £859.63
  • Followed by
    276 x £810.88
  • Total amount to be repaid
    £444,984.00
  • Total interest payable
    £244,434.00
  • APRC
    5.40%

Product cost and fees

  • Product fee
    2.0% of loan
    (£3,900)
This fee is payable before we complete your loan. In some instances you may be able to add the fee to your loan
  • Conveyancing fee
    £1,440

This is an indicative typical fee for dual representation based on the details you’ve given us and assuming a freehold property. It may change if you provide different information later.

You may choose to use your own solicitor instead, but you will need to pay an additional fee for our legal work. There are additional fees you may need to pay.

If you’re applying as a company, we require you to take Independent Legal Advice (ILA).

  • Valuation fee
    £210
You might need to pay for a physical valuation of the property (this fee is only indicative)

Early repayment charges

We apply these charges when you pay above the overpayment allowance for this mortgage

  • Redemption fee
    £150
We only charge this if you pay off your mortgage early or change lender
  • Overpayment
    100%

You may make overpayments up to the amount shown in each 12 month period. Early Repayment Charges will apply for overpayments that go over this limit.

Additional features

  • Cashback
    £500
This is valid until DD Month YYYY. Cashback will be paid within 30 days of mortgage completion.

5 Year Tracker

5.29%

Monthly payment
£860.00
Product fee
2.00%
£3,900

True cost
£55,478

LOAN DETAILS

  • Initial rate term
    60 months
  • Loan amount
    £195,000
  • Mortgage term
    25 years
  • Follow-on rate
    4.99%

This is a variable rate made of: a fixed rate of 1.99% above the Bank of England base rate (currently 3%)

Payments

  • True cost
    £55,477.80
  • Initial monthly payment
    60 x £859.63
  • Followed by
    240 x £810.88
  • Total amount to be repaid
    £446,739.00
  • Total interest payable
    £246,189.00
  • APRC
    5.40%

Product cost and fees

  • Product fee
    2.0% of loan
    (£3,900)
This fee is payable before we complete your loan. In some instances you may be able to add the fee to your loan
  • Conveyancing fee
    £1,440

This is an indicative typical fee for dual representation based on the details you’ve given us and assuming a freehold property. It may change if you provide different information later.

You may choose to use your own solicitor instead, but you will need to pay an additional fee for our legal work. There are additional fees you may need to pay.

If you’re applying as a company, we require you to take Independent Legal Advice (ILA).

  • Valuation fee
    £210
You might need to pay for a physical valuation of the property (this fee is only indicative)

Early repayment charges

We apply these charges when you pay above the overpayment allowance for this mortgage

  • Redemption fee
    £150
We only charge this if you pay off your mortgage early or change lender
  • Overpayment
    100%

You may make overpayments up to the amount shown in each 12 month period. Early Repayment Charges will apply for overpayments that go over this limit.

Additional features

  • Cashback
    £500
This is valid until DD Month YYYY. Cashback will be paid within 30 days of mortgage completion.

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