The Cumberland for Intermediaries has cut the remortgage fee on all core holiday let products from £999 to £299, making refinancing more accessible for holiday let owners.
The fee reduction applies to the lender’s core holiday let range, supporting brokers working with clients who own holiday let properties within sole trader or partnership entities with three or fewer mortgaged properties. The Cumberland said the move aims to reduce upfront costs and simplify the refinancing process for holiday let investors.
Alongside this change, The Cumberland continues to offer a broad range of holiday let mortgage products, including financing for portfolios of up to 20 properties under sole trader, partnership, or limited company structures. Lending is available for rental properties across Scotland, England, and Wales.
For limited company applications within its 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.
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.
