Cumberland launches low 3-year variable mortgage | Product News - Moneyfacts

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Cumberland launches low 3-year variable mortgage

Cumberland launches low 3-year variable mortgage

Category: Mortgages
Date: 27/03/2013

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 It is now over 6 months old so the content may be out of date.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 reduced selected fixed and variable rates across its mortgage range.

The basics…

The stand-out product is the three-year variable discounted rate mortgage.

At 2.39%, this is the lowest rate in this sector of the market.

Borrowers will need at least a 40% deposit in order to qualify for this low-rate variable mortgage.

The finer details….

This product includes a low fee of £495 and remortgage borrowers can benefit from an incentive package that includes a free valuation and free legal fees.

Why we like it….

This is the lowest rate for a discounted mortgage at 60% loan-to-value. This product's appeal is further enhanced by a low fee and generous incentive package.

Four out of five Moneyfacts Stars have been awarded.

What Next?

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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