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Cumberland BS improves mortgage

Cumberland BS improves mortgage

Category: Money

Updated: 08/01/2010
First Published: 07/01/2010

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 It is now over 6 months old so the content may be out of date.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 reduced the rate of its market leading 2 year fixed rate mortgage .

It now offers a rate of 3.49% (-0.10%) and includes incentives of free legal fees. All other details are unchanged.

Now 0.19% cheaper than its nearest rival, the product is sure to appeal to those who have the required 40% deposit.

Four out of five Moneyfacts stars have been awarded.

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The one year product now offers a rate of 3.25% (+0.25%), two year – 3.75% (+0.50%), five year – 4.95% (+0.20%).

All three bonds are now far more competitive, with the five year bond leading its market. The one and two year options are amongst the best in their respective fields.

Investors must ensure they can commit to funds from the outset as there is no flexibility for withdrawals or additions.

Find the best mortgage for you - compare 2 year fixed rate mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.