Paradigm has added Cumberland Building Society to its lender panel, making the society's specialist holiday let mortgage proposition available to member firms.

The Cumberland has over 25 years of experience in holiday let lending and offers mortgage intermediaries access to support via its intermediary hub, which includes updated industry insights, case studies, team Q&As and service updates.

The society’s holiday let proposition offers lending up to 75% LTV on holiday let properties across Scotland, England and Wales, mortgages to first-time investors and portfolio landlords, and manual underwriting on all cases, allowing more complex or non-standard lending.

The Cumberland’s intermediary services also includes a relationship model with one dedicated relationship manager and a single-point contact, a full solicitor panel list and a suite of ready-to-use forms covering mortgage applications, packaging guides, deposit forms, plus switch and illustration tools.

Members of the mortgage, protection and compliance services provider can now find the society’s holiday let products through their sourcing tools and benefit from the society’s intermediary support infrastructure.

Director of mortgages at Paradigm Mortgage Services, Richard Howes, said: "We are very pleased to announce this new partnership with the Cumberland Building Society, focused specifically on its holiday let lending offering. In an environment where around a third of UK adults now use holiday rentals, and bookings and revenue continues to grow, their specialist offering positions intermediaries and their clients to capitalise on a thriving and resilient sector.

"The Cumberland’s manual underwriting, tailored criteria and strong intermediary ecosystem will ensure Paradigm member firms can confidently place cases that others might struggle to assess."

Head of intermediary lending at the Cumberland Building Society, Grant Seaton, added: "As part of our continued growth, we are delighted to announce our partnership with our first mortgage club, Paradigm. This collaboration represents another milestone in our commitment to improve the intermediary experience for the brokers we work with."

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