A holiday let mortgage is a specialist buy-to-let mortgage for a property you'll let to holidaymakers rather than long-term tenants. Lenders base the loan on the expected holiday letting income, and most want a deposit of at least 25%. We arrange many holiday let mortgages, particularly in the Peak District, and as whole-of-market advisers based in Sheffield, on the edge of the National Park, we know which lenders suit which properties.
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Holiday let lenders don't use a long-term rent. Instead, they usually ask a holiday letting agent to estimate what the property will earn in the high, mid and low seasons, then check that this income comfortably covers the mortgage payments at a higher "stress" interest rate.
An illustration of how one lender might assess it:
Illustration only. Lenders differ in the number of weeks they use, their stress rates and how much income cover they need. Some also look at your personal income.
You can often buy in your own name or through a limited company. Many lenders also allow you to stay in the property yourself for part of the year, within limits that vary by lender.
The Peak District was Britain's first National Park, created in 1951, and it draws visitors all year round, from walkers and climbers to families on short breaks. That makes it one of the most popular places in the UK to own a holiday let, in villages such as Castleton, Hathersage, Edale, Hope, Hartington and Ashford-in-the-Water, and in towns such as Bakewell, Buxton and Matlock Bath.
But not every Peak District home can be a holiday let. Many homes inside the National Park carry a local occupancy restriction (a Section 106 agreement), which means they can only be lived in by local people and can't be let to holidaymakers. Planning rules can also limit converting buildings for holiday use. We check the planning position before you commit, because a lender will.
Older stone cottages, barn conversions and homes with a private water supply or private drainage are common here too. Most can be mortgaged, but the lender and valuer will look at them more closely. Read more on our Peak District and Derbyshire page.
We're mortgage advisers, not tax advisers. These points are a general guide only, so speak to an accountant about your own position.
Most holiday let mortgages are not regulated by the Financial Conduct Authority, because they're treated as business lending. We'll explain what that means for you, and we follow the same careful advice process whatever the loan.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Our advisers are based at Beehive Works in Sheffield, a few miles from the edge of the Peak District, and we arrange holiday let mortgages for clients buying in the Peak District and across the UK. Advice is given by our qualified team, including Robert Wilson-Rust (Senior Mortgage and Protection Adviser), and Tiffany Taylor and Katie Stoker (Mortgage and Protection Advisers), all CeMAP qualified.
Our fee is typically £795 (see our fees). For long-term lets, see our buy-to-let mortgages page.
Reviewed by Zoe White CeMAP, Compliance Officer, Friends Capital. Last reviewed October 2026.
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Wondering what we charge? Holiday let mortgages are charged like any other mortgage: typically £795, with £295 on application and the rest on completion. See our fees in full.