Following our recent positive changes to our holiday let product pricing, we are now pleased to reintroduce our 2-year fixed product, available at 3.84 per cent with a maximum 75% LTV on holiday let mortgages offered throughout the UK.
Scott McKerracher, Head of Commercial Lending at The Cumberland, says:
“The 2-year fixed product has previously been popular with our customers, so we’re pleased to be able to offer this option once more.”
“In June we simplified our pricing structure with rates for loans above £750k reduced to match those for lower loan sizes. The re-launch of our 2-year fixed rate coincides with this change, enabling us to offer holiday let products in line with the needs of our customers”.
At The Cumberland, we offer lending of up £2m available on an individual transaction and up to £5m aggregate borrowing across a portfolio of properties. We have tailored holiday let lending criteria which enables us to consider cases such as occupancy restricted property and larger portfolios throughout mainland UK, and the isles of Anglesey, Arran, Mull, Skye, Lewis, Harris and Wight.
Our award-winning hospitality business lending team have specialised in holiday let lending for over 10 years. This year we are proud to have been presented with the Platinum accolade at the annual Feefo Trusted Service Awards which is testament to our commitment to providing exceptional customer service.
Find out more about our range of holiday let mortgage products here.