The Cumberland enhances hospitality sector proposition

The Cumberland Building Society is strengthening its support for hospitality business owners by becoming a patron of the National Association of Commercial Finance Brokers (NACFB). 

The Cumberland specialises in mortgages for a variety of businesses, including hotels, serviced apartments, hostels, bunkhouses, B&Bs, restaurants and pubs with rooms, holiday lets, and lodge parks. Its primary focus is on properties located in the North East and North West of England, as well as Scotland.

Combining the skills and know-how of the NACFB’s member brokers with The Cumberland’s expertise, the tie-in will support hospitality businesses with their commercial borrowing needs.

Patronage will also see The Cumberland offer commercial lending of up to a £5 million to the NACFB’s brokers’ clients in the hospitality space.

Alasdair Swan, senior commercial manager at The Cumberland, said: “This is an exciting time for The Cumberland, and we’re looking forward to making new connections with brokers and supporting business owners with their commercial finance ambitions.

“By leveraging the expertise and resources of the NACFB and its member brokers we can provide room-led hospitality businesses across the UK with support, not just with their financial needs, but with advice and solutions through the good times and the bad. 

Norman Chambers, managing director of the NACFB, said: “When it comes to lending in the hospitality space, The Cumberland has a reputation that is second to none, so we are thrilled to welcome them into our network.

“This collaboration reflects our shared commitment of seeing businesses thrive in the UK. We are certain that our member brokers will find The Cumberland’s approach a breath of fresh air as they look to manage their clients at a time that can often be stressful for them.

“Together, we’re looking forward to empowering hospitality businesses with the financial resources and guidance they need to succeed.”