Bed & Breakfast Mortgages
We offer specially designed mortgages for the purchase or remortgage of bed and breakfast businesses
UK B&B Mortgage Specialists
The Cumberland's business team are experts in hospitality lending throughout the mainland UK - call us on 01228 403141.
Personal approach
We consider applications on a bespoke basis, so we will lend to both new entrants as well as experienced B&B owners.
Hospitality business guide
Our guide has all of the key things you need to consider when setting up and running your business, from tax essentials to getting your property on the market and guests through the door.
View Hospitality Guide
Help and advice
Our team of experts are on hand to give you any support you need, as well as help you with your hospitality business lending.
Our Commercial Mortgage Reviews
Lending criteria
We can lend up to 60% of the property value
The minimum property value must be £250,000
The minimum mortgage we offer is £75,000
Our Lending Criteria
- We can typically lend up to 60% LTV on properties within our business operating area; Cumbria (all CA and LA postcodes), South-West Scotland (all DG postcodes and TD9), Northumberland (NE45-49), North Lancashire (all PR, FY, LA AND BB1-3 and BB5-7) West Yorkshire (LS21-23, LS29 and BD20) and North Yorkshire (all HG and YO, BD23-24 and DL6-11)
- Our maximum LTV through the rest of mainland UK is 50% of the property value or purchase price.
- Interest only mortgages are capped at 50% LTV.
- Maximum mortgage term is 25 years on a capital repayment basis or 10 year term on an interest only basis
- Leasehold properties should have a minimum of 85 years left on the lease at the start of the mortgage and 50 years on maturity
- Borrowers to be EU Nationals resident in the UK
- Limited Companies incorporated outside the UK
Next steps
Your mortgage is secured on your property. Think carefully before securing other debts against your property. Your property may be repossessed if you do not keep up repayments on your mortgage.
Latest News
Tips for marketing your hospitality business
Cutting-edge marketing experts Bucket & Spade on how to market your property and get guests booked in.
Holiday let booking system essentials
The way people choose and book their holiday is totally different than even 10 years ago. If you’re looking for a booking system, here’s a quick guide to what’s important right now.
Essential health and safety considerations for your holiday let
As part of running your new business you must manage the health and safety of everyone involved by controlling the risks.