Please Note: The information included within these pages is for for use by FCA authorised intermediaries only. If you are a customer please visit our customer web pages.
Introducing our Holiday Let product switch range
Below, we’ve outlined the type of mortgage you client may have and the products that apply to each.
| Core product | Specialist product | Specialist+ product |
| Sole Trader & Partnerships | Limited Company Special Purpose Vehicle or Limited Liability Partnership Special Purpose Vehicle without personal guarantee | Trading Business (Entity type sole trader, partnerships, Limited Company, Limited Liability Partnership) |
| Limited Company Special Purpose Vehicle or Limited Liability Partnership Special Purpose Vehicle with personal guarantee | Security address above Commercial property | Complex Security (i.e. layered structures, cross company guarantees) |
| 3 or less mortgaged buy to let and holiday let properties in portfolio | 4-8 mortgaged buy to let or holiday let properties in portfolio | 9 or more mortgaged buy to let or holiday let properties in portfolio |
| HM Land registry includes more than one letting unit on the title up to 3 letting units Max. | Real Estate property developers |
When determining the total number of properties, include mortgages where the borrowing is structured through a limited company entity if the customer has provided a personal guarantee of 50% or more of the loan amount or the loan is in personal names.
Where the borrowing is through a limited company and no guarantee has been provided or the guarantee is less than 50%, the mortgage should not be included in the property count.