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Cumberland improves fixed rate mortgages

Cumberland improves fixed rate mortgages

Category: Mortgages

Updated: 16/03/2009
First Published: 16/03/2009

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 It is now over 6 months old so the content may be out of date.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 Building Society'sfixed rate mortgage range is hotting up, with cuts being made to many of its two and five year fixed rates.

Most eye catching is the reduction in the 5 year fixed rate to 3.99%, a massive cut of 0.76% from the previous rate.

Despite a small increase in the fee to £795, the product is now amongst the very best in the 60% loan-to value market.

There's also the incentive of free accident, sickness and unemployment cover for three months, as well as free legal fees and a free valuation for remortgages.

The much improved rate and enticing incentives earn the product four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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