Related topic: Holiday let

The Society has increased its maximum loan size to £3m across the range.

The new products sit alongside continued improvements to the Society's lending criteria.

All buy-to-let lending, including limited company, first-time landlord and holiday lets, now have the same interest rate.

The lender has introduced new F1, HMO and holiday let products.

The Society’s SVR is also reducing by 25bps.

Kevin Aitken, senior sales manager at Cumberland Building Society, explores how the evolving holiday let market is creating a nuanced opportunity for brokers.

The lender has also added a 5% overpayment function across its entire buy-to-let mortgage range.holi

Rates start from 5.45%.

The Society has cut rates ahead of the Christmas period to reflect current price competition in the holiday let sector.

The Society has introduced new high LTV options at both 90 and 95%.