Cumberland Building Society
Phone: +44 (0)845 601 8396
Email:
Name
Family Mortgage
Description
This product is subject to the Society taking a charge over a suitable Cumberland savings account of another family member to provide additional security.
Interest Rate
Option-1
Up to 95%-3.54%-4.49%-4.3% APR-£199
Option-2
Up to 95% -4.04%-4.49%-4.5% APR-£199
Up to 95%-3.54%-4.49%-4.3% APR-£199
Option-2
Up to 95% -4.04%-4.49%-4.5% APR-£199
Details
Option-1
You:
-can add the arrangement fee to your mortgage subject to the maximum LTV. This must be paid initially on application and if you choose to add this to your mortgage, it will be refunded on completion.
-will receive a refund of basic mortgage valuation fee (up to £260).
-will receive a £250 contribution towards your legal fees.
-can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
-will have to pay an early-repayment charge (5% before 2 May 2015, 4% before 2 May 2016, 3% before 2 May 2017 and 2% before 2 May 2018 of the amount repaid) if you repay all or part of your mortgage before 2 May 2018
-must have your main current account with the Society.
Option-2
You:
-can add the arrangement fee to your mortgage subject to the maximum LTV. This must be paid initially on application and if you choose to add this to your mortgage, it will be refunded on completion.
-will receive a refund of basic mortgage valuation fee (up to £260).
-will receive a £250 contribution towards your legal fees.
-can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
-will have to pay an early-repayment charge (5% before 2 May 2015, 4% before 2 May 2016, 3% before 2 May 2017 and 2% before 2 May 2018 of the amount repaid) if you repay all or part of your mortgage before 2 May 2018
-must have your main current account with the Society.
-We will lend up to 75% of the combined value of the property you are purchasing and the property of the family member who is also providing security.
You:
-can add the arrangement fee to your mortgage subject to the maximum LTV. This must be paid initially on application and if you choose to add this to your mortgage, it will be refunded on completion.
-will receive a refund of basic mortgage valuation fee (up to £260).
-will receive a £250 contribution towards your legal fees.
-can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
-will have to pay an early-repayment charge (5% before 2 May 2015, 4% before 2 May 2016, 3% before 2 May 2017 and 2% before 2 May 2018 of the amount repaid) if you repay all or part of your mortgage before 2 May 2018
-must have your main current account with the Society.
Option-2
You:
-can add the arrangement fee to your mortgage subject to the maximum LTV. This must be paid initially on application and if you choose to add this to your mortgage, it will be refunded on completion.
-will receive a refund of basic mortgage valuation fee (up to £260).
-will receive a £250 contribution towards your legal fees.
-can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
-will have to pay an early-repayment charge (5% before 2 May 2015, 4% before 2 May 2016, 3% before 2 May 2017 and 2% before 2 May 2018 of the amount repaid) if you repay all or part of your mortgage before 2 May 2018
-must have your main current account with the Society.
-We will lend up to 75% of the combined value of the property you are purchasing and the property of the family member who is also providing security.
Featured
Yes
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