HOTEL MORTGAGES
UK Hotel Mortgage Specialists
The Cumberland's business team are experts in hospitality lending throughout the mainland UK - call us on 01228 403141.
Hear from our customers
The Cumberland really understood the hospitality business and illuminated a way forward for us which has taken us to a new, exciting and much better place. In the seven years since moving to The Cumberland, we have doubled our turnover, refurbished rooms and opened a new Brasserie alongside our existing restaurant. With the support of Cumberland, we can work and plan for a better future - it has truly transformed our business and our lives.
Lending criteria
OUR HOTEL CRITERIA
- We can typically lend up to 70% 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 60% 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
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