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

What makes us different

As an established and recognised lender in the hospitality sector, we specialise in mortgages for holiday let properties. Over the years that we have operated in this market we've helped thousands of people realise long-held dreams and ambitions.

We are proud to offer a personal service, with experienced lending managers assessing applications and treating each one individually. No automatic computer-based decisions!

We will consider cases that other lenders won't, such as where the property being mortgaged has a holiday let restriction or where there is more than one property on the Land Registry title.

Download our Holiday Let Intermediary Toolkit, for full details of our holiday let product ranges, lending criteria and proc fees.

Our Current Deals

5 YEAR FIXED

Your interest rate is fixed at the rate shown until 1st October 2024, followed by our 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% 4.09% 4.09% 4.9% APRC 4.9% APRC 1.15% 5.24% 1% (of mortgage amount) 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (5% before 2nd October 2020, 4% before 2nd October 2021, 3% before 2nd October 2022, 2% before 2nd October 2023 and 1% before 2nd October 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd October 2024
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this fixed rate product until 1st October 2024 at 4.09% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 61 monthly payments of £488.59 and 179 monthly payments of £527.22.

The total amount payable would be £125,151 made up of the loan amount plus interest (£44,176), arrangement fee (1% of mortgage amount) and other lending fees (£25).

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 Mortgage Illustration, please contact us directly.

Up to 60% Up to 60% 3.24% 3.24% 4.5% APRC 4.5% APRC 2.00% 5.24% £999 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (5% before 2nd October 2020, 4% before 2nd October 2021, 3% before 2nd October 2022, 2% before 2nd October 2023 and 1% before 2nd October 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd October 2024
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this fixed rate product until 1st October 2024 at 3.24% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 61 monthly payments of £453.35 and 179 monthly payments of £518.32.

The total amount payable would be £121,608 made up of the loan amount plus interest (£40,434), arrangement fee (£999) and other lending fees (£25).

The overall cost for comparison is 4.5% 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 Mortgage Illustration, please contact us directly.

Up to 60% Up to 60% 3.39% 3.39% 4.4% APRC 4.4% APRC 1.85% 5.24% £49 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (5% before 2nd October 2020, 4% before 2nd October 2021, 3% before 2nd October 2022, 2% before 2nd October 2023 and 1% before 2nd October 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd October 2024
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this fixed rate product until 1st October 2024 at 3.39% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 61 monthly payments of £459.46 and 179 monthly payments of £519.92.

The total amount payable would be £121,317 made up of the loan amount plus interest (£41,093), arrangement fee (£49) and other lending fees (£25).

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 Mortgage Illustration, please contact us directly.

Up to 75% Up to 75% 4.89% 4.89% 5.3% APRC 5.3% APRC 0.35% 5.24% 1% (of mortgage amount) 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (5% before 2nd October 2020, 4% before 2nd October 2021, 3% before 2nd October 2022, 2% before 2nd October 2023 and 1% before 2nd October 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd October 2024
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this fixed rate product until 1st October 2024 at 4.89% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 61 monthly payments of £523.12 and 179 monthly payments of £535.23.

The total amount payable would be £128,691 made up of the loan amount plus interest (£47,716), arrangement fee (1% of mortgage amount) and other lending fees (£25).

The overall cost for comparison is 5.3% 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 Mortgage Illustration, please contact us directly.

Up to 75% Up to 75% 4.04% 4.04% 4.9% APRC 4.9% APRC 1.20% 5.24% £999 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (5% before 2nd October 2020, 4% before 2nd October 2021, 3% before 2nd October 2022, 2% before 2nd October 2023 and 1% before 2nd October 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd October 2024
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this fixed rate product until 1st October 2024 at 4.04% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 61 monthly payments of £486.47 and 179 monthly payments of £526.71.

The total amount payable would be £125,130 made up of the loan amount plus interest (£43,956), arrangement fee (£999) and other lending fees (£25).

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 Mortgage Illustration, please contact us directly.

Up to 75% Up to 75% 4.19% 4.19% 4.8% APRC 4.8% APRC 1.05% 5.24% £49 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (5% before 2nd October 2020, 4% before 2nd October 2021, 3% before 2nd October 2022, 2% before 2nd October 2023 and 1% before 2nd October 2024 of the amount repaid) if you repay all or part of your mortgage before 2nd October 2024
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this fixed rate product until 1st October 2024 at 4.19% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 61 monthly payments of £492.83 and 179 monthly payments of £528.24.

The total amount payable would be £124,842 made up of the loan amount plus interest (£44,618), arrangement fee (£49) and other lending fees (£25).

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 Mortgage Illustration, please contact us directly.

Call us on (01228) 403 141
2 YEAR DISCOUNT

Your interest rate tracks our Commercial Variable Base Rate (CVBR), currently 5.24%, less the discount shown for the first 2 years, followed by our CVBR until the end of the mortgage.

Loan To Value Initial interest rate for 2 years Overall cost for comparison Discount from CVBR Follow on rate Fee
Up to 60% Up to 60% 3.59% 3.59% 5.1% APRC 5.1% APRC 1.65% 5.24% 1% (of mortgage amount) 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (1.00% before the end of year 1 and 0.50% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this variable rate product for 2 years at 3.59% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 24 monthly payments of £467.68 and 216 monthly payments of £532.24.

The total amount payable would be £127,163 made up of the loan amount plus interest (£46,188), arrangement fee (1% of mortgage amount) and other lending fees (£25).

The overall cost for comparison is 5.1% 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 Mortgage Illustration, please contact us directly.

Up to 60% Up to 60% 2.74% 2.74% 5.0% APRC 5.0% APRC 2.50% 5.24% £999 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (1.00% before the end of year 1 and 0.50% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this variable rate product for 2 years at 2.74% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 24 monthly payments of £433.34 and 216 monthly payments of £528.63.

The total amount payable would be £125,758 made up of the loan amount plus interest (£44,584), arrangement fee (£999) and other lending fees (£25).

The overall cost for comparison is 5.0% 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 Mortgage Illustration, please contact us directly.

Up to 60% Up to 60% 3.09% 3.09% 4.9% APRC 4.9% APRC 2.15% 5.24% No fee 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (1.00% before the end of year 1 and 0.50% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this variable rate product for 2 years at 3.09% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 24 monthly payments of £447.29 and 216 monthly payments of £530.15.

The total amount payable would be £125,422 made up of the loan amount plus interest (£45,247) and other lending fees (£25).

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 Mortgage Illustration, please contact us directly.

Up to 75% Up to 75% 4.39% 4.39% 5.3% APRC 5.3% APRC 0.85% 5.24% 1% (of mortgage amount) 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (1.00% before the end of year 1 and 0.50% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this variable rate product for 2 years at 4.39% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 24 monthly payments of £501.38 and 216 monthly payments of £535.45.

The total amount payable would be £128,665 made up of the loan amount plus interest (£47,690), arrangement fee (1% of mortgage amount) and other lending fees (£25).

The overall cost for comparison is 5.3% 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 Mortgage Illustration, please contact us directly.

Up to 75% Up to 75% 3.54% 3.54% 5.1% APRC 5.1% APRC 1.70% 5.24% £999 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (1.00% before the end of year 1 and 0.50% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this variable rate product for 2 years at 3.54% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 24 monthly payments of £465.61 and 216 monthly payments of £532.04.

The total amount payable would be £127,269 made up of the loan amount plus interest (£46,095), arrangement fee (£999) and other lending fees (£25).

The overall cost for comparison is 5.1% 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 Mortgage Illustration, please contact us directly.

Up to 75% Up to 75% 3.89% 3.89% 5.1% APRC 5.1% APRC 1.35% 5.24% No fee 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 Mortgage Illustration
  • Will have to pay an early-repayment charge (1.00% before the end of year 1 and 0.50% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
Representative Example:

A mortgage of £80,000 payable over 20 years initially on this variable rate product for 2 years at 3.89% and then on our Commercial Variable Base Rate (CVBR), currently 5.24% for the remaining term of the mortgage, would require 24 monthly payments of £480.16 and 216 monthly payments of £533.47.

The total amount payable would be £126,928 made up of the loan amount plus interest (£46,753) and other lending fees (£25).

The overall cost for comparison is 5.1% 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 Mortgage Illustration, please contact us directly.

Call us on (01228) 403 141

In all cases, the following criteria apply:

Lending area

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

Maximum LTV

Maximum LTV 75% of the lower of purchase price or market valuation (including the value of any property provided as collateral security)

Maximum LTV 60% if property is within M25

Loan size

The minimum loan size is £75,000

Term

Maximum mortgage term is 25 years

Property

Minimum property value £150,000

Property should be available for letting for a minimum of 210 days p.a and actually let for 105 days (HMRC rules) so it is acceptable for owners to use it outside these periods

Freehold or leasehold properties with a minimum unexpired term of 85 years at the outset and 50 years at maturity

No lending on property which is a temporary or movable structure

Any lease conditions must not be breached by holiday letting (eg that the property must be used as a private residence

Applicants

Clean credit history required