Considering a Holiday Let Mortgage?

At The Cumberland we provide banking from real people, for real people.

Our mortgages are manually underwritten, allowing us to consider the intricacies of each application and to consider applications that other lenders wont. With over 30 years of experience in the Holiday Let market, our relationship-managed approach to lending means you’ll be speaking to real people with industry knowledge and expertise.

Our customers are real people with real goals. We’re here to help make them a reality.

Below, we’ve outlined the types of applications we can consider from you, and the products that apply to each.

Core product	Specialist product	Specialist+ product
Sole Trader & Partnerships	Limited Company Special Purpose Vehicle or Limited Liability Partnership Special Purpose Vehicle without personal guarantee	Trading Business (Entity type sole trader, partnerships, Limited Company, Limited Liability Partnership)
Limited Company Special Purpose Vehicle or Limited Liability Partnership Special Purpose Vehicle with personal guarantee	Security address above Commercial property	Complex Security (i.e. layered structures, cross company guarantees)
3 or less mortgaged buy to let and holiday let properties in portfolio	4-8 mortgaged buy to let or holiday let properties in portfolio	9 or more mortgaged buy to let or holiday let properties in portfolio
	HM Land registry includes more than one letting unit on the title up to 3 letting units Max.	Real Estate property developers

Maximum of 20 properties in portfolio (total number of properties includes Buy to Let/Holiday Let/Commercial investments).

When determining the total number of properties, include mortgages where the borrowing is structured through a limited company entity if the customer has provided a personal guarantee of 50% or more of the loan amount or the loan is in personal names.

Where the borrowing is through a limited company and no guarantee has been provided or the guarantee is less than 50%, the mortgage should not be included in the property count.

If your client’s application falls outside the above criteria, our Commercial Team may still be able to assist and can consider more non-standard cases such as:

• Property occupancy restrictions (such as properties restricted to holiday letting use only)
• More than 12 acres of land
• 4 or more letting properties on the title/estate
• Where there is a commercial element with shared facilities (swimming pool, play barn, shop)
• Property Class C1/Sui Generis

Please note that all such applications are subject to commercial pricing and criteria.

Please contact our Commercial team who may be able to help.