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Cumberland BS mortgage comes up trumps

Cumberland BS mortgage comes up trumps

Category: Mortgages

Updated: 26/10/2012
First Published: 26/10/2012

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 It is now over 6 months old so the content may be out of date.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 its three-year discounted variable mortgage rate by 0.20%, pushing it higher into the best buy tables.

The basics…

This deal offers a very competitive variable mortgage rate of 2.79% (1.70% discount) for three years to borrowers with deposits of 25% or more.

The finer details….

An arrangement fee of £495 is payable. Purchase and remortgage customers can borrow between £20,000 and £500,000. Remortgage borrowers can also benefit from free valuation and legal fees.

There is also the added option to make overpayments of up to 10% per year.

Why we like it…

This attractive deal should appeal to borrowers looking for a highly competitive variable rate mortgage. Five out of five Moneyfacts stars have been awarded.

What next?

Use our Mortgage Finder to compare the market for the best variable and tracker rates and lenders.

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 Any products featured may be withdrawn by their provider or changed at any time.