"It's not just places with big open spaces or a view of the sea, but it’s also city escapes that are also making the cut."
While coast and country are still more popular, Hodge says cities are currently making up 10% of its holiday let mortgage applications.
The data revealed that 59% of mortgage applications are for coastal homes, nearly a third (31%) are for country bolt holes, but 10% were for a place in the city.
York is currently the most popular city to buy a holiday home, followed by Norwich, Edinburgh, Hereford and Glasgow.
Emma Graham, business development director at Hodge, commented: “Applications for holiday let mortgages have risen across the board in the past year and it appears that people have an appetite for all types of properties – it’s not just places with big open spaces or a view of the sea, but it’s also city escapes that are also making the cut.
“Hodge is one of only a few lenders on the market who will lend to mortgage customers looking to use letting sites such as Airbnb. These sites are popular for those looking to book a city break and will help to boost rental yields for city holiday let homeowners.”
