The whole property must be used as a holiday let. We cannot consider Individual rooms or sections of the property to be let out separately.

• Existing BTL assessment rules apply; therefore, applications may be assessed on either an ICR or full affordability basis depending on the scenario of the borrower. 
• Borrowers are allowed to use the property for personal use when not rented.
• For valuation purposes, the valuer will confirm there is a sustainable market, on the assumption of a 6–12-month AST basis.
• The valuer will also confirm that there are no onerous restrictions or covenants affecting the usage of the property, e.g. no holiday parks or restricted usage periods.