Specialist lender Hodge has updated its holiday let mortgage property criteria to offer brokers greater flexibility.
The enhancements include loans on buildings with flat roofs and those with more than one kitchen, as well as offering up to 85% LTV on new-build flats.
“As with all of the adjustments we continue to make across our entire suite of mortgage products, these changes have been made to support our intermediary partners in light of the invaluable property related feedback they continue to give to us,” said Emma Graham, business development director at Hodge.
“Whether it’s maximising the returns on existing or prospective holiday lets or remaining flexible around property investment as a possible means for retirement, we understand that customers across the board are looking to make their finances work harder than ever in the current climate.”
The changes are the latest in a number of improvements the lender has made across all of its products in recent months to help with affordability.
