Variable rates are 3.49% for simple applications and 4.24% for complex cases, plus fixed rates are available on request. The Society follows simple steps to assess affordability, as well as using AVMs where possible.

Designed to cater for the rising demand in holiday lets for UK breaks, the range is available for cases between £200k and £3m, up to a maximum 75% LTV. It is suitable for expats, applications involving AirBnB rentals and unusual properties such as multi-units or large acreage.

MHBS also offer mortgage solutions for cases with one or more complex factors. They provide flexibility by considering cases where applicants need up to three months to refurbish the property and they consider applications from first time buyers and landlords.

Commenting on the new range, Tina Long, New Business Lead at MHBS said: “We’re excited to launch this range which delivers straightforward pricing and processing to holiday let cases during this busy period for intermediaries. We’re really proud that our personal, tailored approach means we can consider intermediaries’ more challenging cases, such as those outside of standard affordability and those where no main residence is involved.”

A team of Specialist Lending Managers are available via telephone or Zoom to chat through individual cases or queries.