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Cumberland BS reshuffles mortgage pack

Cumberland BS reshuffles mortgage pack

Category: Mortgages

Updated: 26/08/2011
First Published: 26/08/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Cumberland BS has reshuffled its fixed rate mortgage range to positive effect.

Its three-year fixed rate deals have received the biggest rate reduction, with the mortgage available at 75% loan-to-value for house purchases now priced at 3.17% to 1 November 2014 (its predecessor had a rate of 3.66%).

The deal has a fee of £199 for first time buyers or £599 for second timers, while benefits include a refund of the valuation fee (up to a maximum of £260), £250 towards costs and a £100 cash rebate.

Even though the rate is not the best available in the market, the overall package makes it an attractive proposition.

Four out of five Moneyfacts stars have been awarded.

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