Cumberland Building Society has cut rates by 20bps on its core holiday let range.
With immediate effect, the changes to the society’s core holiday let product products include a reduction to its two-year and five-year fixed rates from 4.98% to 4.78%.
The society has made the decision to cut rates ahead of the Christmas period to reflect current price competition in the holiday let sector, and help brokers secure better outcomes for clients.
The products come with a £999 fee and are open to both property purchasers or remortgage cases.
“Broker feedback has prompted us to cut rates to support affordability for holiday let landlords looking for a better deal in 2026,” said Grant Seaton, head of intermediary lending at The Cumberland (pictured above).
“We keep our holiday let pricing under close review so we can support more customers in the short-term let sector.
“These price changes reflect both the importance of our broker and landlord relationships and the care we take to track the market and remain competitive.”
