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.
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 |
|---|---|---|---|---|---|
| 1.15% | 5.24% | 1% (of mortgage amount) | |||
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. |
|||||
| 2.00% | 5.24% | £999 | |||
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. |
|||||
| 1.85% | 5.24% | £49 | |||
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. |
|||||
| 0.35% | 5.24% | 1% (of mortgage amount) | |||
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. |
|||||
| 1.20% | 5.24% | £999 | |||
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. |
|||||
| 1.05% | 5.24% | £49 | |||
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. |
|||||
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 |
|---|---|---|---|---|---|
| 1.65% | 5.24% | 1% (of mortgage amount) | |||
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. |
|||||
| 2.50% | 5.24% | £999 | |||
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. |
|||||
| 2.15% | 5.24% | No fee | |||
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. |
|||||
| 0.85% | 5.24% | 1% (of mortgage amount) | |||
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. |
|||||
| 1.70% | 5.24% | £999 | |||
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. |
|||||
| 1.35% | 5.24% | No fee | |||
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. |
|||||
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 |