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Holiday Lets

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Holiday Lets
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Privacy notice

Holiday Lets

Where income from property represents an applicant’s primary source of income (i.e., where 50% or more of overall income is derived from properties) this should be treated as self-employed policy.

Income from holiday lets is acceptable where it has been received for a minimum of two years and can be evidenced by the latest two years Sa302 or Sa100s and the corresponding TYOs.

We will also require the latest 3 months personal or business bank statements showing the holiday let income.

The declared annual income should match that of the latest years Sa302/Sa100. Where the recent trading has decreased a rationale should be provided and the annual income reflected accordingly.

Keying Tip! Holiday Let income should be entered as Self-employed income (The annual figure matching the latest years Sa302/Sa100). The property information (Address) and annual mortgage expenses should be added under the rental income section with the annual income entered as Β£0.