Effective Friday 17th February, Melton Building Society are launching new fixed rate holiday BTL products, regulated & non-regulated.
Holiday BTL USP’s:
- Affordability is assessed on the rental income (ICR) – low, med, high average
- Available across England & Wales
- Air BnB considered
- Applicants allowed to holiday in the property for up to 10 weeks of the year
- Min earned income requirement of £25,000 p/a which can be shared between applicants
- Maximum loan £500,000
- Maximum 3 BTL properties in mortgage, including our security