Buying a property to let? Switching your buy-to-let mortgage? Whether you are new to buy-to-let or experienced, we can help
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Buying A Property
Investing in your first property or adding another to your portfolio?
Mortgages For Buy-To-Let
Whether you are investing in property for the first time, or you already have an established portfolio, we have a great mortgage deal for you
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Remortgage To Us
Looking for a better deal on one or more mortgages?
Buy-To-Let Remortgage
Moving one or more of your buy-to-let mortgages to the Cumberland could save you money. Find out more about our deals here
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Time For A New Deal?
For existing Cumberland mortgage customers
New Buy-To-Let Deal
If your mortgage is approaching the end of its initial interest rate period, find out how you can move to a new deal
Borrowing More
For existing Cumberland mortgage customers
Borrow More Buy-To-Let
You may be able to borrow more money on your Cumberland buy-to-let mortgage, for a range of purposes. Find out more here


A Buy to Let mortgage is a loan for the purchase or refinancing of a residential property which is let to tenants rather than lived in by the borrower. Buy to Let investments are popular as they offer the prospect of a regular rental income. The value of the property itself may also increase and as such can be regarded as an alternative to the more traditional forms of investment.

There are of course no guarantees. Property values can fall and income will be affected if, for example, the property becomes vacant or the tenants default on
rental payments.

Where We Lend

We provide mortgages on properties throughout England, Scotland and Wales. Some of our mortgages are only available on properties in our branch operating area.

Our operating area is Cumbria (all CA and LA postcodes), South-West Scotland (all DG postcodes and TD9), West Northumberland (NE46-49) and North Lancashire (all PR, FY, LA AND BB1-3 and BB5-7).

Use our Mortgage Calculator to find out which mortgages are available to you.

Mortgage Calculator
  • Is Buy to Let for me?

    Property investment can be a very effective way of generating income if managed correctly, however, it doesn’t come without its risks. If you plan to buy your property with a mortgage and you are relying on the rental income to make your mortgage repayments, you must consider how you will keep up the repayments if you are unable to secure a tenant and the property is left unoccupied.

    A period without a tenant is not the only risk that needs to be considered; major repairs could increase overall costs and of course the housing market on its own can have an impact on your potential profit margin.

    We would strongly recommend that you take professional advice before entering into any property related transaction.

    Cumberland Estate Agents has an experienced team who can advise you on renting your property. Contact them for further details.

    You may also wish to contact a conveyancer (for advice on the Housing Act and associated forms of tenancy) and an accountant (for advice on income and capital gains tax implications).

    The Council of Mortgage Lenders provides free publications which may also help you in your research.
    The Association of Residential Letting Agents is also available to offer advice.

  • Becoming a landlord

    Buying a property to let is very different from buying your own home. Consider the following before you start your search for a property:

    Do your research
    Research the market, with the help of your local estate and lettings agents, who will be able to advise on demand and any other issues in the area you are thinking of buying in.

    Ask an expert
    Speak to a letting agent and make sure you have a professional opinion of the level of income you can expect from the property or area you are looking to buy. Cumberland Estate Agent’s experienced lettings staff can provide you with free advice on any properties you are thinking of buying.

    Know the demand
    Buying where there is no rental demand is a surprisingly common mistake. Make sure you are not investing in a market which is already saturated with the sort of property you have to offer, and do not be misled by stories of fast profits.

    Understand your finances
    Keep in mind whether you are in the market for capital gain when you sell or simply monthly rental income. This will help you decide what to buy and where, and what kind of mortgage you need. Understand the rental yields particularly if the net rental yield figure is less than the cost of the mortgage, leaving you with a shortfall.

    Buy carefully
    Make sure you buy a property which allows for sufficient profit margin. Do not go for a ‘bargain’ property which may require considerable work. Major repairs require time and effort and paying more for a property which is in better condition can be a wiser move.

    Check for safety
    By law you must make sure that the property you are letting complies with various safety regulations, such as furniture and furnishings fire safety, gas safety, electrical equipment safety and that it contains a smoke detector. You will also need certificates to prove these regulations have been met.

    Be aware of new and updated regulations
    Failure to comply with the law can result in serious consequences. The best way to make sure you are kept up to date is to use an ARLA agent who can make you aware of them, while also ensuring you comply.

    Know your responsibilities
    Landlords, tenants and agents have different responsibilities, and it is important to know where these lie. As the landlord you will be expected to pay buildings insurance, ground rent and service charges and insure and maintain any items you leave in the property. Your letting agent will be able to advise on others’ responsibilities as part of your contract.

    Prepare for voids
    Your property may be empty and not generate any income for periods of time, and you need to be ready for this. Advertising for new tenants, decorating and maintenance of your property could take some time and you should have plans in place for when this happens.

    Tax implications
    A Buy to Let investment attracts several different taxes. Aside from Stamp Duty Land Tax, which you have to pay when you purchase any Buy to Let property, you may also have to pay Income Tax on the rent you receive and Capital Gains Tax when you sell the property. Rental income must be declared on a Self Assessment tax return. However, you can deduct costs such as mortgage interest and letting agency fees from the rent you receive first. And like anything else you own, a Buy to Let property will form part of your estate for Inheritance Tax purposes. We recommend that you speak to an accountant for further details.

    Engage a managing or letting agent
    Knowing where to advertise your property, how to vet your tenants and the kind of lease you should use can be tricky if you have no experience. Being a landlord is a full time responsibility, 365 days a year and is best not left to friends or family. A good agent will find tenants, do background checks, draw up the lease, collect rent, and inspect the property, thereby removing much of the hassle involved. When choosing an agent, landlords should use an ARLA Licensed member. They are members of a regulatory body and are subject to control and regulation. They will ensure that your property is handled safely and with care. Cumberland Estate Agents is ARLA licensed and offers a full Lettings service.

  • Information about our Buy-to-Let mortgages

    We will consider mortgages for Buy to Let properties, based on the requirements set out below:

    • A Cumberland Buy to Let mortgage can be used for purchase or remortgage purposes, provided that the total of investment properties, subject to a mortgage, does not exceed 3. Our specialist commercial lending team can help if you are looking to buy or remortgage 4 or more properties.
    • The property can be freehold, or leasehold with a minimum of 60 years remaining on the lease at the start of the loan. The Society’s valuer will be asked to confirm that the property is in a good state of repair and what the demand is for rented property in that area.
    • A Cumberland Buy to Let mortgage is available for the purchase or remortgage of a house or flat. Former council houses will be considered.
    • Former council flats, new build flats and flats which form part of a mixed use block, or properties with multiple occupancy are not eligible.
    • Any tenancy agreements must be on an assured shorthold tenancy basis, or in Scotland a short assured tenancy basis, with a maximum term of 6 months, with any existing tenancy agreement having commenced after the 1st March 1997. You should, however, always take independent professional advice before entering into any contract.
    • The minimum value of each individual property must be £50,000.
    • Cumberland Buy to Let mortgages are not available on student lets.
  • Insurance

    As a condition of any mortgage you will need to ensure that the property is adequately insured (e.g. Building Insurance), however, this insurance does not have to be arranged through us.

Book an appointment online now to discuss your needs
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Your mortgage is secured on your property. Think carefully before securing other debts against your property. Your property may be repossessed if you do not keep up repayments on your mortgage.

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