Related topic: Holiday let

Despite tax and regulatory changes, demand remains strong supported by broker inquiries, mortgage searches, and product availability.

Hanley Economic Building Society has entered the holiday let mortgage market with the launch of two variable discount products at up to 80% LTV.

In Wales, holiday lets that aren’t booked for a minimum of 182 days are usually treated as domestic second homes, which can result in council tax premiums of up to 300%.

Higher running costs have encouraged more holiday let owners to sell, but the wider housing market has yet to see a corresponding uplift.

The Society entered the limited company buy-to-let market in October last year.

The Society has increased its maximum loan size to £3m across the range.

The new products sit alongside continued improvements to the Society's lending criteria.

All buy-to-let lending, including limited company, first-time landlord and holiday lets, now have the same interest rate.

The lender has introduced new F1, HMO and holiday let products.

The Society’s SVR is also reducing by 25bps.