Broker Holiday Let Service

We offer a tailored service to brokers for holiday let mortgages. Contact us to discuss our fixed rate and variable options.
For all enquiries please contact us on
(01228) 403 141

Our Current Deals

5 YEAR FIXED

Your interest rate is fixed at the rate shown until 1st March 2024, followed by the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24%, until the end of the mortgage.

Loan To Value Initial interest rate for 5 years Overall cost for comparison Discount from CVBR Follow on rate Fee
Up to 60% Up to 60% 2.99% 2.99% 4.4% APRC 4.4% APRC 2.25% 5.24% £1,000 Find out
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge (5% before 2nd March 2020, 4% before 2nd March 2021, 3% before 2nd March 2022, 2% before 2nd March 2023 and 1% before 2nd March 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd March 2024
Representative Example:

A mortgage of £105,000 payable over 20 years initially on this fixed rate product until 1st March 2024 at 2.99% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 60 monthly payments of £581.80 and 180 monthly payments of £677.31.

The total amount payable would be £157,949 made up of the loan amount plus interest (£51,824), arrangement fee (£1,000) and other lending fees (£125).

The overall cost for comparison is 4.4% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Up to 70% Up to 70% 3.39% 3.39% 4.6% APRC 4.6% APRC 1.85% 5.24% £1,000 Find out
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge (5% before 2nd March 2020, 4% before 2nd March 2021, 3% before 2nd March 2022, 2% before 2nd March 2023 and 1% before 2nd March 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd March 2024
Representative Example:

A mortgage of £105,000 payable over 20 years initially on this fixed rate product until 1st March 2024 at 3.39% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 60 monthly payments of £603.04 and 180 monthly payments of £682.85.

The total amount payable would be £160,220 made up of the loan amount plus interest (£54,095), arrangement fee (£1,000) and other lending fees (£125).

The overall cost for comparison is 4.6% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Up to 75% Up to 75% 3.79% 3.79% 4.8% APRC 4.8% APRC 1.45% 5.24% £1,000 Find out
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge (5% before 2nd March 2020, 4% before 2nd March 2021, 3% before 2nd March 2022, 2% before 2nd March 2023 and 1% before 2nd March 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd March 2024
Representative Example:

A mortgage of £105,000 payable over 20 years initially on this fixed rate product until 1st March 2024 at 3.79% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 60 monthly payments of £624.72 and 180 monthly payments of £688.28.

The total amount payable would be £162,499 made up of the loan amount plus interest (£56,374), arrangement fee (£1,000) and other lending fees (£125).

The overall cost for comparison is 4.8% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Call us on (01228) 403 141
3 YEAR DISCOUNT

Your interest rate tracks the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24%, less the discount shown for the first 3 years, followed by the CVBR until the end of the mortgage.

Loan To Value Initial interest rate for 3 years Overall cost for comparison Discount from CVBR Follow on rate Fee
Up to 60% Up to 60% 3.20% 3.20% 4.8% APRC 4.8% APRC 2.04% 5.24% £1,000 Find out
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge of 2% of the amount repaid if you repay all or part of your mortgage within the first 3 years
Representative Example:

A mortgage of £105,000 payable over 20 years initially on this variable rate product for 3 years at 3.20% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 36 monthly payments of £592.90 and 204 monthly payments of £691.07.

The total amount payable would be £163,448 made up of the loan amount plus interest (£57,323), arrangement fee (£1,000) and other lending fees (£125).

The overall cost for comparison is 4.8% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Up to 70% Up to 70% 3.50% 3.50% 4.9% APRC 4.9% APRC 1.74% 5.24% £1,000 Find out
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge of 2% of the amount repaid if you repay all or part of your mortgage within the first 3 years
Representative Example:

A mortgage of £105,000 payable over 20 years initially on this variable rate product for 3 years at 3.50% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 36 monthly payments of £608.96 and 204 monthly payments of £693.54.

The total amount payable would be £164,530 made up of the loan amount plus interest (£58,405), arrangement fee (£1,000) and other lending fees (£125).

The overall cost for comparison is 4.9% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Up to 75% Up to 75% 3.50% 3.50% 4.9% APRC 4.9% APRC 1.74% 5.24% £1,000 Find out
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge of 2% of the amount repaid if you repay all or part of your mortgage within the first 3 years
Representative Example:

A mortgage of £105,000 payable over 20 years initially on this variable rate product for 3 years at 3.50% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 36 monthly payments of £608.96 and 204 monthly payments of £693.54.

The total amount payable would be £164,530 made up of the loan amount plus interest (£58,405), arrangement fee (£1,000) and other lending fees (£125).

The overall cost for comparison is 4.9% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Call us on (01228) 403 141

Lending Criteria

Lending area

We lend throughout mainland UK (up to 75% LTV) and the isles of Anglesey, Arran, Mull, Skye, Harris and Wight

Maximum LTV

We can lend up to 75% of the property value

Loan size

The minimum loan size is £100,000

The minimum property value must be £150,000

Maximum loan size £500,000 for any single property*

Term

Maximum mortgage term is 25 years

Property

Leasehold properties should have a minimum of 85 years left on the lease at the start of the mortgage and 50 years on maturity

Our product rates for up to 60% and 70% LTV are available for both new and established holiday let properties

Our product rate for up to 75% LTV is only available for established holiday let properties

If your property will be a new holiday let, loans will be individually priced

Single unit properties only

Properties which are temporary or moveable are not eligible

Rental coverage

Annual net rental income should be a minimum of 125% of the annual mortgage interest at 6.25% or 3% above the mortgage rate you are paying, whichever is higher

Lower levels of income will be considered where borrowers have additional sources of income

Applicants

Borrowers must be EU Nationals, residents in the UK or UK ex-pats

Limited Companies incorporated outside the UK are not eligible

Minimum background income £30,000

Borrowing in personal names only

*If you're a Limited Company, Trust or British Citizen living abroad, have properties with occupancy restriction, have four or more mortgaged properties or require a loan of more than £500,000, please contact us for a bespoke holiday let mortgage.

Lending area

We lend throughout mainland UK (up to 75% LTV) and the isles of Anglesey, Arran, Mull, Skye, Harris and Wight

Maximum LTV

We can lend up to 75% of the property value

Loan size

The minimum loan size is £75,000

The minimum property value must be £150,000

Maximum loan size £500,000 for any single property*

Term

Maximum mortgage term is 25 years

Property

Leasehold properties should have a minimum of 85 years left on the lease at the start of the mortgage and 50 years on maturity

Our product rates for up to 60% and 70% LTV are available for both new and established holiday let properties

Our product rate for up to 75% LTV is only available for established holiday let properties

If your property will be a new holiday let, loans will be individually priced

Properties which are temporary or moveable are not eligible

Rental coverage

Annual net rental income should be a minimum of 125% of the annual mortgage interest at 6.25% or 3% above the mortgage rate you are paying, whichever is higher

Lower levels of income will be considered where borrowers have additional sources of income

Applicants

Borrowers must be EU Nationals, residents in the UK or UK ex-pats

Limited Companies incorporated outside the UK are not eligible

*If you're a Limited Company, Trust or British Citizen living abroad, have properties with occupancy restriction, have four or more mortgaged properties or require a loan of more than £500,000, please contact us for a bespoke holiday let mortgage.