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.
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.
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.
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.
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