As the Great British ‘staycation’ becomes ever-more popular – particularly as the Pound doesn’t go as far as it used to these days – the holiday let market is booming, with more and more landlords taking advantage of this increasingly attractive market.
That’s why we’re pleased to announce we have expanded our buy to let criteria to include a range of holiday let products for properties in our heartland area – Suffolk, Norfolk, Essex, Cambridgeshire, Hertfordshire, Bedfordshire and Buckinghamshire.
Holiday let with the Ipswich – key features
- Available for loans up to 80% LTV
- Minimum property value £100k – loans from £75k up to £500k
- First time landlords accepted – applicant must be an owner occupier
- Terms up to 25 years
- Flats and leasehold properties considered
Plus, our products allow your client to return to their property for up to 60 days each year.
Richard Norrington, CEO at Ipswich Building Society, commented: “It’s no surprise that properties located within rural settings and coastlines are the most popular holiday let destinations. I am confident that our heartland region of Suffolk and the surrounding counties will be of keen interest to people thinking about buying a holiday let property.
Brimming with beautiful countryside and coastal locations, this area generates high demand from UK tourists seeking a ‘staycation’, as well as foreign holidaymakers looking to discover a piece of rural Britain.”
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