Cumberland Building Society Fixed 2.04% until 01/06/2023

Assumed borrowing of £125,000 over 25 years, representative 3.5% APRC. Total amount payable: £188,574.94. Includes interest of £62,580.94, Valuation fee of £295, Booking fee of £0 and Administration fee of £699. Repayments: 60 monthly repayments of £532.26 at 2.04% (fixed), then 240 monthly repayments of £648.52 at 4.24% (variable).
Cumberland Building Society customer satisfaction scorecard:
How do we work this out?Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
Maximum age | N/A |
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Minimum age | 18 |
Location | England, Wales, Scotland |
Restricted location note | Only available to customers who live within Cumberland's branch operating area. |
Existing customer note | N/A |
Eligibility notes | N/A |
Mortgage product details
Mortgage types | Purchase, First time buyer |
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Deal type | Fixed |
Tracker type | N/A |
Payment options | Repayment |
Mortgage product features
Overpayments allowed | Yes |
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Overpayment limits note | Up to 10% per annum each financial year |
Offset mortgage | No |
Help to Buy mortgage | No |
Shared ownership mortgage | No |
Shared equity mortgage | No |
New-build mortgage | No |
Self-build mortgage | No |
Portable mortgage | Yes |
Product fees
Arrangement fee | £699 |
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Arrangement fee can be added to loan | Yes |
Booking fee | £0 |
Telegraphic transfer fee | £25 |
Insurance fee | £25 |
Other fees | £0 |
Rate information
Minimum borrowing amount | £20,000 |
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Maximum borrowing amount | £500,000 |
Minimum term (years) | 2 |
Maximum term (years) | 40 |
Initial deal end date | 01.06.23 |
Initial deal length (months) | 60 |
APRC | 3.54% |
Initial rate | 2.04% |
Revert-to rate | 4.24% |
Maximum LTV | 75.0% |
Other charges
Exit fees | £170 |
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Valuation admin fee | £0 |
Valuation fee | From £205 for property value above £50,000 |
Early repayment note | 5% then 4% then 3% then 2% until end of fixed period |
Standard benefits
Valuation admin fee excluded from any refund offer | Yes |
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Maximum free valuation | £0 |
Cash back amount | £100 |
Further notes about benefits | £100 cashback if you have a Cumberland current account or switch your main current account to the Cumberland - conditions apply. |
Remortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Payable |
Purchase mortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Payable |