Can a limited company take out a holiday let mortgage?

Yes it is possible for a limited company to take out a holiday let mortgage.

However, lenders prefer not to grant mortgages to a trading limited company. ie one that runs as an active business already.

So a new type of company will need to be set up. This is called a Special Purpose Vehicle or SPV Company and is commonly used for purchasing and holding investment properties.

Mortgages for buying a holiday home are available upto 75% LTV so a 25% deposit will be needed.

Useful pages:

• Holiday Let Mortgages for Limited Companies
• How To Buy a Holiday Home
• What is a holiday let mortgage?
• Holiday let mortgage deposits

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