The story of Sue and Martin
- The product: Holiday Let
- Careers: Retired
- Purpose: Purchase of a third holiday let investment property
- Term: 30 years (taking the eldest borrower to age 95)
- LTV: 80%
- Loan and property value: £1.6m loan for £2m property
- Repayment type: Interest only
The picture
Sue and Martin were looking to purchase their third holiday let investment property to supplement their retirement income, while also having a space to enjoy with their extended family throughout the year.
With three children, all married, and six grandchildren between them, having a large property for family gatherings and long weekend breaks—when not being let—was a key priority.
They identified a seven-bedroom house with an annex and games room, offering both strong rental appeal and the flexibility to create memorable family experiences. The property was well suited to platforms such as Airbnb.
The challenge
Sue and Martin wanted to generate income from the property while also retaining personal use for up to three months each year.
They planned to fund the 20% deposit through the sale of another property and required a higher LTV for a relatively large loan size.
Despite being in their 60s and retired, they were also seeking a longer-term mortgage solution to keep monthly repayments manageable.
The solution
The Hodge Holiday Buy to Let mortgage provided a tailored solution through:
- Flexible, case-by-case underwriting
- Up to 90 days’ personal use per year
- Airbnb and short-term letting permitted
- Up to 80% LTV
- Large loan capability (£1.6m in this case)
- Ability to set up as repayment to reduce debt in a structured way
- Support for both experienced and first-time holiday let landlords.
Why Hodge
This case highlights how Hodge supports borrowers in achieving their holiday let ambitions through flexible criteria and practical, common-sense lending.
The Hodge Holiday Let mortgage is designed to help first-time landlords take the first step, and support landlords with small portfolios to maximise both rental income and personal enjoyment of their properties.
