Your interest rate tracks the Bank of England's base rate or the Society's product floor rate* plus the agreed percentage for the first 3 years, followed by the Society's standard variable mortgage rate (SVR) until the end of the mortgage.

You:

• can repay lump sums without any early-repayment charge (up to £5,000 each financial year)
• will have to pay an early-repayment charge of 2.5% of the amount repaid if you repay all or part of your mortgage within the first 3 years (excluding the above limit of £5,000 each financial year)
• will pay interest calculated daily
• will not be obliged to arrange insurances with the Society
• can move home and move your special offer without having to pay any early repayment charge if you apply and are eligible for a new residential mortgage with us
• will receive £100 Cashback if you have a Cumberland current account or switch your main current account to the Cumberland (conditions apply - please see below)

*If the Bank of England base rate is 0.50% or less during the tracker period, the rate you pay will track a rate of 0.50% until the base rate rises back above this.

£100 Cashback

To qualify, you must switch your main current account to the Cumberland using the Cumberland switching service. Your Cumberland current account must be funded with a minimum of £750 per month. Your application for a Cumberland current account must commence prior to your mortgage completing, and the £100 will be credited to your Cumberland current account shortly after the completion of your mortgage and the current account switching process.

To qualify, you must have your main current account with the Cumberland and have funded this with a minimum of £750 per month for the 3 successive months prior to your application. The £100 will be credited to your Cumberland current account shortly after your mortgage has been completed.

The maximum loan size is £500,000. For loans in excess of £500,000, please contact the Society for further details.

For full details or to arrange an appointment, simply contact us using any of the methods set out on the left of this page