"We know that cost is a key factor, cutting our remortgage fee on the core range to £299 is a direct response to what we’re seeing in the market"
- Lisa Hodgson - The Cumberland
The Cumberland for Intermediaries has announced that it 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 fewer mortgaged properties within their ownership.
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 rental properties located in Scotland, England, or Wales.
On limited company applications, which is within the specialist range, the lender 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.
“Brokers are at the heart of holiday let finance, guiding their clients through the remortgage process and finding the right solutions for their needs," comments Senior Sales Manager for Intermediary Lending, Lisa Hodgson (pictured), "We know that cost is a key factor, 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.
She adds, “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.”
