Holiday Let & Serviced Accommodation Finance in St Ives

Looking for funding on a holiday let or serviced accommodation in St Ives? St Ives sits in Cornwall, within the South West holiday let and serviced accommodation market. We are a finance arranger, not a lender: we arrange holiday let mortgages and the full range of serviced accommodation finance on St Ives property, from purchase and bridging through development to remortgage, across Cornwall.

Lenders underwrite a St Ives holiday let on its own fundamentals first, the achievable nightly rate, the occupancy, the property and the location, then test it against the wider market. Indicative average daily rates run at about 200 £/night (South West, AirDNA, UK Short-Term Rental Outlook, 2025). Average occupancy across UK short-term lets runs at around 60% (AirDNA, UK Short-Term Rental Outlook, 2025), with prime coastal and city markets far higher in peak season.

How much you can borrow against a St Ives holiday let

On a holiday let in St Ives, a holiday let mortgage usually reaches around 70 to 75 percent of value, so you would budget for a deposit of roughly a quarter to a third of the price plus costs. The figure is driven by the projected short-let income and the lender's interest cover test, not the postcode. Where a property is being converted to serviced accommodation, or bought at speed or at auction, bridging finance secures it quickly and a holiday let mortgage follows once it is trading, and development finance funds a ground-up or major-conversion scheme to around 65 to 75 percent of cost. Since the furnished holiday lettings tax regime was abolished in April 2025, many investors now hold holiday lets in a limited company; lenders are comfortable with company borrowing and we arrange both routes. Interest rates depend on the lender, the leverage and the income, so we quote them deal by deal rather than as a headline rate. We size the right facility, rate and deposit for your St Ives deal.

The South West holiday let market

St Ives is a prime serviced-accommodation catchment within South West. Strong year-round visitor demand and high achievable nightly rates support keen lending on stabilised holiday lets, and lenders compete hardest for properties with a proven letting record here. New or converting properties are funded on more cautious terms, with the letting projection and the operator doing the work.

Cornwall, Devon, Dorset and Somerset form the largest and most valuable holiday-let market in the UK, where coastal cottages and rural lets command premium summer rates and the highest occupancy in the country.

The South West is the UK's holiday-let heartland, with the highest occupancy of any region near 65 percent and indicative average daily rates around £200, and Sykes reports some of its strongest owner earnings here, comfortably above the UK average (AirDNA and Sykes, 2025). The market is intensely seasonal and capital values are high, so the financing question is usually leverage against premium prices, conversion and refurbishment of coastal stock, and portfolio facilities for established owners. We fund Cornish and Devon coastal cottages, barn and chapel conversions and small aparthotel schemes, and we structure around the council-tax and second-home considerations specific to the region.

Market commentary and figures for South West are drawn from AirDNA (UK Short-Term Rental Outlook, 2025); Sykes Holiday Cottages (Staycation Index, 2025).