Can I get a mortgage to buy a holiday-home to let?

Q Do any UK buy-to-let mortgage lenders consider mortgages for holiday letting?

Having seen some purpose-built units on the Isle of Wight with good letting possibilities, we are keen to purchase, but will need part funding by way of a mortgage.
JS

A You are right in thinking that very few lenders will provide mortgages for holiday lets. But one that does - and which is willing to deal direct with members of the public rather than insisting on doing business via a mortgage intermediary - is the Scarborough building society.

The most you can borrow is 80% of the lender's valuation of the property with an overall maximum loan of £250,000. However, the amount you are actually able to borrow is determined by the expected annual income. This must be equal to or greater than the loan multiplied by 150% multiplied by the mortgage rate.

So if you wanted a mortgage of £80,000, for example, and the mortgage rate was 5.9% (as the Scarborough's holiday-let tracker rate currently is), you'd need an annual rental income of at least £7,080 - that is, 150% of £80,000 times 5.9%.