Cumberland BS cuts discount rate | Product News - Moneyfacts

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Cumberland BS cuts discount rate

Cumberland BS cuts discount rate

Category: Mortgages
Date: 26/04/2013

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 It is now over 6 months old so the content may be out of date.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 Building Society has made a series of rate cuts across its mortgage range, most notably with a 0.20% reduction to its three-year variable discount deal.

The basics…

This new-look product offers a variable rate of 2.44% for three years (2.05% discount) to borrowers with deposits of 25% and over.

The finer details….

Advances between £20,000 and £50,000 are offered to purchase and remortgage borrowers.

A reasonable arrangement fee of £495 is payable either upfront or added to the advance.

Free valuation and legal fees are available to those remortgaging, whilst the option to make overpayments of up to 10% per year is open to all borrowers.

Why we like it….

Borrowers looking for a good all-round variable-rate mortgage will be pleased with this newly reduced deal from Cumberland Building Society. Four out of five Moneyfacts Stars have been awarded.

What next?

Compare discounted rate mortgages
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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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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