HOLIDAY LET MORTGAGES

We are holiday let mortgage experts and will guide you with our trusted and flexible service
Book a time for us to call you
Schedule A Call

Our current deals

3 YEAR DISCOUNT

Your interest rate tracks the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99%, less the discount shown for the first 3 years, followed by the CVBR until the end of the mortgage.

Loan To Value Initial interest rate for 3 years Overall cost for comparison Discount from CVBR Follow on rate Fee
Up to 60% Up to 60% 2.95% 2.95% 4.5% APRC 4.5% APRC 2.04% 4.99% £1,000 Find out
Include Arrangement Fee Include Arrangement Fee More Less
  • Include Arrangement Fee - You can add the Arrangement Fee to your mortgage
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge of 2% of the amount repaid if you repay all or part of your mortgage within the first 3 years
  • Can add the arrangement fee to your mortgage, subject to maximum LTV.
Representative Example:

A mortgage of £120,000 payable over 20 years initially on this variable rate product for 3 years at 2.95% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99% for the remaining term of the mortgage, would require 36 monthly payments of £662.52 and 204 monthly payments of £773.14.

The total amount payable would be £182,696 made up of the loan amount plus interest (£61,571), arrangement fee (£1,000) and other lending fees (£125).

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 Key Facts Illustration, please contact us directly.

Up to 70% Up to 70% 3.35% 3.35% 4.7% APRC 4.7% APRC 1.64% 4.99% £1,000 Find out
Include Arrangement Fee Include Arrangement Fee More Less
  • Include Arrangement Fee - You can add the Arrangement Fee to your mortgage
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge of 2% of the amount repaid if you repay all or part of your mortgage within the first 3 years
  • Can add the arrangement fee to your mortgage, subject to maximum LTV.
Representative Example:

A mortgage of £120,000 payable over 20 years initially on this variable rate product for 3 years at 3.35% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99% for the remaining term of the mortgage, would require 36 monthly payments of £686.74 and 204 monthly payments of £776.89.

The total amount payable would be £184,333 made up of the loan amount plus interest (£63,208), arrangement fee (£1,000) and other lending fees (£125).

The overall cost for comparison is 4.7% 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 Key Facts Illustration, please contact us directly.

Up to 75% Up to 75% 4.99% 4.99% 5.2% APRC 5.2% APRC 0.00% 4.99% 1% (of mortgage amount) Find out
Include Arrangement Fee Include Arrangement Fee More Less
  • Include Arrangement Fee - You can add the Arrangement Fee to your mortgage
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge of 2% of the amount repaid if you repay all or part of your mortgage within the first 3 years
  • Can add the arrangement fee to your mortgage, subject to maximum LTV.
Representative Example:

A mortgage of £120,000 payable over 20 years initially on this variable rate product for 3 years at 4.99% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99% for the remaining term of the mortgage, would require 36 monthly payments of £791.28 and 204 monthly payments of £791.27.

The total amount payable would be £191,230 made up of the loan amount plus interest (£69,905), arrangement fee (1% of mortgage amount) and other lending fees (£125).

The overall cost for comparison is 5.2% 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 Key Facts Illustration, please contact us directly.

Schedule a call
Who can apply
Individuals, partnerships, limited companies and trusts
Deals for limited companies, trusts and British Citizens living abroad (ex-pats) will be individually agreed
Types of property
Freehold or long leasehold in the UK
Properties with occupancy restrictions don't qualify for our standard products and the maximum loan to value is 60%
How we assess applications
No minimum income or home ownership required
Unlike many other lenders, we consider your personal income and asset/liability position
Up to 75% of property value
£150,000 minimum property value
£75,000 minimum mortgage
Flexible Approach
We will work with you to understand your circumstances and find the best solution
Personal, Friendly Service
Our professionally qualified team of advisers will treat you as more than a number
Benefits of Mutuality
We have no shareholders to satisfy, so you get great value products and services

HOW TO APPLY

You can send the below form to us by e-mail to business@cumberland.co.uk or by post to our Head Office address. We can accept a scanned version of your signature(s) in Section L, but we require an original hard copy of the Mortgage Payment Method mandate in Appendix 1 to be posted to us.

Next
Book a time for us to call you to discuss your needs
Schedule A Call
Download our Application Form to complete
Application Form

MORE INFORMATION

Your solicitor should be on the Society’s approved panel. If not, we can look to add them to the panel.

Purchase Price (up to) Total Valuation Fee Payable
£50,000 £205
£100,000 £240
£150,000 £260
£200,000 £295
£250,000 £330
£300,000 £370
£350,000 £410
£400,000 £440
£450,000 £470
£500,000 £505
£600,000 £600
£700,000 £655
£800,000 £710
£900,000 £765
£1 million £820

Please note that for some properties, additional costs may be incurred, dependant upon distances travelled. If the property value is higher than those shown in the scale of fees, the Society will need to obtain a quotation from a local valuer.

You can complete electronically or by hand. If you are completing the form electronically, please save it to your device to ensure that your changes are recorded.

You can send the form to us by e-mail to business@cumberland.co.uk or by post to our Head Office address. We can accept a scanned version of your signature(s) in Section L, but we require an original hard copy of the Mortgage Payment Method mandate in Appendix 1 to be posted to us.

Download the application form below.

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.

FOR EXISTING CUSTOMERS

Time For A New Deal
For existing Cumberland mortgage customers
New Holiday 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 Holiday Let
You may be able to borrow more money on your Cumberland holiday let mortgage, for a range of purposes. Find out more here

DOWNLOADS

Application Form
Download
A Guide To Business Mortgages
Download
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.

Search our estate agents for your next property

We offer the best properties at the best prices so find yours on Cumberland Estate Agents.

Select one or more locations