Cumberland Building Society has reduced its three-year discounted variable mortgage rate by 0.20%, pushing it higher into the best buy tables.
This deal offers a very competitive variable mortgage rate of 2.79% (1.70% discount) for three years to borrowers with deposits of 25% or more.
The finer details….
An arrangement fee of £495 is payable. Purchase and remortgage customers can borrow between £20,000 and £500,000. Remortgage borrowers can also benefit from free valuation and legal fees.
There is also the added option to make overpayments of up to 10% per year.
Why we like it…
This attractive deal should appeal to borrowers looking for a highly competitive variable rate mortgage. Five out of five Moneyfacts stars have been awarded.
Use our Mortgage Finder to compare the market for the best variable and tracker rates and lenders.
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