The Cumberland for Intermediaries cuts remortgage fee to £299 on core holiday let range
18 March 2025
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The Cumberland for Intermediaries has reduced the remortgage fee on all core holiday let products from £999 to £299.
The change applies across the lender’s core holiday let range to support brokers working with clients who own holiday let property within sole trader or partnership entities with 3 or less mortgaged properties within their ownership.
The fee reduction has been introduced with the aim of making it easier for holiday let owners to secure financing, without higher upfront costs.
Alongside the fee reduction for their core range, The Cumberland continues to offer a competitive range of products for holiday let mortgages within a portfolio of up to 20. These can be held under sole trader, partnership, or limited company structures, with the rental properties located in Scotland, England, or Wales.
On limited company applications, which is within the specialist range, The Cumberland offers lending of up to 75% LTV, subject to a full assessment of the holiday let’s business case and the investor’s track record. First-time holiday let investors are also eligible under the same criteria.
The Cumberland is proud to be celebrating its 175th anniversary this year. Established in Carlisle in 1850 as the Cumberland Co-operative Land and Benefit Building Society, it has since grown to become Cumbria’s largest financial institution, with £3.2 billion in assets, 680 staff, and 32 branches across Cumbria, Lancashire, Northumberland, and south-west Scotland.
Lisa Hodgson, Senior Sales Manager for Intermediary Lending at The Cumberland, commented:
“Brokers are at the heart of holiday let finance, guiding their clients through the remortgage process and finding the right solutions for their needs. We know that cost is a key factor, and cutting our remortgage fee on the core range to £299 is a direct response to what we’re seeing in the market. Keeping upfront costs low makes refinancing more accessible, helping holiday let owners manage their investments more effectively.
“We’ve always worked closely with brokers to offer competitive products and a service that makes a difference. Every case is manually underwritten, so there’s no blanket approach, just lending decisions made with care, expertise, and a clear understanding of each borrower’s position. Whether it’s experienced investors or first-time entrants to the holiday let sector, we provide straightforward, reliable financing that supports long-term growth.”
Brokers can now access the reduced £299 remortgage fee on all core holiday let products.
For more information, visit https://www.cumberland.co.uk/business/mortgages/holiday-let
