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Cumberland Building Society – 4-Year 4.14% Fixed – Direct

Cumberland Building Society – 4-Year 4.14% Fixed

Type: Fixed-rate mortgage

Fixed term: Until April 1, 2015

Fixed rate: 4.14%

Minimum loan: £20,000

Maximum loan: Up to 75% of valuation subject to a maximum of £750,000, up to 60% of valuation for properties 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, valuation fee refunded up to £260, £250 contribution towards legal fees, £250 cashback for Cumberland current account holders or those who switch their current account to the society

Arrangement fee: £499

Redemption fee: 4% of the amount repaid in years one and

two, 3% in year three, 2% in year four

Introducer’s fee: None



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