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Cumberland Building Society – 4-Year 3.99% Fixed – Direct

Cumberland Building Society – 4-Year 3.99% Fixed – Direct

Type: Fixed-rate mortgage

Fixed term: Until April 1, 2015

Fixed rate: 3.99%

Minimum loan: £20,000

Maximum loan: Up to 75% of valuation subject to a maximum

of £750,000, up to 60% of valuation  for borrowers outside the society’s local area

Income multiples: Based on affordability

Conditions: Capital repayments of up to £5,000 a year allowed in the fixed-rate period without penalty, free valuation for remortgages on properties in the society’s local area, free standard legal fees for remortgages if in-house solicitor is used, £250 cashback for Cumberland current account holders or those who switch their current account to the society

Arrangement fee: £599

Redemption fee: 4% of the amount repaid in years one and two, 3% in year three, 2% in four

Introducer’s fee: None




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