Holiday let finance in the North West

The North West contains the Lake District, home to Scafell Pike, England's highest peak, and Windermere, the largest natural lake in England. We arrange the full range of holiday let and serviced accommodation finance across the North West, from the holiday let mortgages and serviced accommodation mortgages that buy and hold a short-let property to the bridging, conversion and development finance behind a refurbishment, a barn conversion or a change-of-use scheme. Short-term-rental market data is published at national and regional level by the Sykes Staycation Index, AirDNA and VisitBritain, so the figures above are attributed to their sources, while the housing-transaction figure is genuinely local Land Registry data for the towns we track.

The North West pairs one of the UK's best rural holiday-let markets, the Lake District, with two of its strongest city-break markets in Manchester and Liverpool, on indicative occupancy in the mid 60s and average daily rates around £175 (AirDNA 2025). Lakeland cottages trade on year-round walking and tourism demand and report owner earnings well above the UK average, while Manchester and Liverpool serviced apartments run on events, sport and corporate travel. We fund Lakeland cottage purchases and conversions, city-centre aparthotel and serviced-apartment schemes, and portfolios that span the two, and lender appetite across the region is deep.

What drives the North West holiday let market:

• the Lake District National Park as a year-round walking and tourism honeypot
• Manchester and Liverpool city-break and event tourism feeding serviced apartments
• Scotland's licensing scheme nudging some short-let demand south of the border

Benchmark figures from AirDNA, UK Short-Term Rental Outlook; Sykes Holiday Cottages, Staycation Index 2025. Regional commentary draws on AirDNA (UK Short-Term Rental Outlook, 2025); Sykes Holiday Cottages (Staycation Index, 2025).