Buy-to-letNews

Vernon launches pair of holiday let mortgages

Vernon Building Society is launching two new holiday let mortgages in response to growing demand.

The launch comes after the Vernon saw an increase in enquiries from holiday homeowners looking to remortgage or expand their portfolio.

Tom Gurrie, intermediary sales manager at Vernon, said: “Holiday lets were already a growing sector for us but, in recent months, we’ve seen a great deal of interest from landlords.

“They’re looking to purchase property in coastal locations, big cities and other tourist hotspots to take advantage of the growing demand for staycations.

“At Vernon we provide mortgages to all landlords – portfolio, non-portfolio, limited company and individual, and our new holiday range reflects this. Our personal and flexible approach to underwriting means we’re able to help more of our clients.”

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