Short Term Lets

Buy-to-Let

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
75%	5.43%	5%
75%	6.19%	3.5%

5 Year Fixed

* Bank of England Base Rate (BBR): 5.00% correct at time of publication

Our Definition

We define Short Term Let 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.