Marc Goldberg

Together introduces holiday let product

Specialist lender Together has launched a new holiday let product in response to the demand from professional landlords looking to rent out their properties on a short-term basis.

Due to the attractive rental yields and the emergence of websites such as Airbnb – which have revolutionised the holiday rental sector – an increasing number of investors are turning to holiday lets as an alternative to buy-to-let properties.

The market demand for holiday lets is supported by the record number of tourists visiting the UK – which is estimated to be 40 million this year – and an increase in Britons staying home for their holiday’s post-Brexit.

“Our aim is to support landlords and investors by providing innovative finance products that are tailored to their needs,” said Marc Goldberg, commercial CEO at Together (pictured above).

“Holiday lets can deliver high yields and there’s strong market demand, so we’re delighted to launch this new product which we believe will complement our existing offering in this sector.”

Loans of up to £2m are available for purchase or remortgage, with terms ranging from four to 30 years, with a minimum five-year term on fixed rate loans.

For landlords looking to raise additional finance on their rental property, the holiday let loan is also available on a second charge basis.

Leave a comment