The new range of mortgages allow borrowers to let the property through a variety of methods, including Airbnb.

The Newport-based building society said the range includes a two-year fixed rate Holiday Let remortgage at 3.35% with a maximum LTV of 75%. 

One Free Standard Valuation is included up to £1 million, there is a a product fee of £499 and it includes assisted legal fees.

This product comes with an Early Repayment Charge (ERC) of 3% and is available throughout England and Wales. A minimum loan size of £40,000 and maximum loan size of £1,000,000 applies and a total of £3,000,000 aggregate across the portfolio.

Dan Goulding, product development manager at Monmouthshire Building Society, said: “These products are an ideal solution for anyone looking to enter the holiday let market – including first-time landlords – add to their existing portfolio or remortgage an existing holiday let property.”

Caroline Barrett, the society’s key account manager added “I’m expecting this range to be well received by brokers and their clients throughout England and Wales.

“Re-entering the holiday let market is great news for the society, and we’re looking forward to speaking to our brokers about the range.”