Paradigm has added the Cumberland Building Society to its lender panel, giving member firms access to the Society’s specialist Holiday Let mortgage proposition.
The Cumberland has more than 25 years’ experience in Holiday Let lending and offers intermediaries dedicated support through its Intermediary Hub, which provides industry insights, case studies, team Q&As and service updates.
Its Holiday Let proposition includes lending up to 75% LTV on properties of traditional construction across Scotland, England and Wales, including the Isles of Wight, Anglesey, Arran, Mull, Skye, Harris and Lewis.
Mortgages are available to first-time investors and portfolio landlords, with all cases manually underwritten to accommodate more complex or non-standard scenarios such as split-title properties, multiple letting units, limited-company finance or inter-company deposit loans.
Finance is also available for non-structural improvements, including pet-friendly upgrades, eco-features and amenities like hot tubs.
The lender’s intermediary service includes a relationship model with one dedicated Relationship Manager and a single point of contact, access to case studies, a solicitor panel search tool and a suite of ready-to-use forms for applications, packaging, deposits and illustrations.
Paradigm members can now source Cumberland Holiday Let products through their usual sourcing tools and benefit from the Society’s full intermediary support.
