Please Note: The information included within these pages is for for use by FCA authorised intermediaries only. If you are a customer please visit our customer web pages.
The Cumberland are pleased to offer a wide range of market leading Holiday Let mortgage products. We are experts in the Holiday Let market with over 30 years’ experience of lending into the sector.
We pride ourselves on building strong relationships with the intermediaries who choose to work with us. We offer a single point of contact along with an efficient service to help you deliver a mortgage product to suit the needs of your client.
Our underwriting is manual, meaning we are adept in handling complex and unusual cases. We consider cases that many other lenders don't, including multiple letting units on one title, properties across split titles, limited companies and more.
Below, we’ve outlined the types of applications we can consider from you for your clients, 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* |
| Capital raising for debt | HM Land registry includes more than one letting unit on the title up to 3 letting units Max. | Real Estate property developers |
*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.
Maximum of 20 properties in total within your portfolio, whether mortgaged or unencumbered. Include all Buy to Let/Holiday Let/Commercial investments.
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 case such as -
Please note that all such applications are subject to commercial pricing and criteria.
Please contact our Commercial team who may be able to help.
At The Cumberland, we're committed to working with you to ensure you get the right mortgage to suit the individual needs of your client.
View our lending criteria to find out more or view our range of products.
From April this year, landlords with qualifying income above £50,000 have been required to comply with Making Tax Digital (MTD) for Income Tax.
For over 30 years, The Cumberland has worked alongside brokers and borrowers across the country, supporting people with very different goals - from purchasing their first holiday let to growing established portfolios. Those conversations have
given us a real appreciation of how varied this market is and how quickly it can change.
A husband-and-wife team have fulfilled their lifelong dream of owning a home in the Cumbrian countryside by turning it into their first hospitality venture thanks to support from The Cumberland Building Society.