Your interest rate tracks the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99%, less the discount shown for the first 3 years, followed by the CVBR until the end of the mortgage.
| Loan To Value | Initial interest rate for 3 years | Overall cost for comparison | Discount from CVBR | Follow on rate | Fee |
|---|---|---|---|---|---|
| 2.04% | 4.99% | £1,000 | |||
Representative Example:
A mortgage of £114,000 payable over 23 years initially on this variable rate product for 3 years at 2.95% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99% for the remaining term of the mortgage, would require 36 monthly payments of £569.38 and 240 monthly payments of £680.04. The total amount payable would be £184,832 made up of the loan amount plus interest (£69,707), arrangement fee (£1,000) and other lending fees (£125). The overall cost for comparison is 4.6% APRC representative. What is a Representative Example?
Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly. |
|||||
| 1.64% | 4.99% | £1,000 | |||
Representative Example:
A mortgage of £114,000 payable over 23 years initially on this variable rate product for 3 years at 3.35% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99% for the remaining term of the mortgage, would require 36 monthly payments of £592.95 and 240 monthly payments of £683.21. The total amount payable would be £186,442 made up of the loan amount plus interest (£71,317), arrangement fee (£1,000) and other lending fees (£125). The overall cost for comparison is 4.7% APRC representative. What is a Representative Example?
Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly. |
|||||
| 0.00% | 4.99% | 1% (of mortgage amount) | |||
Representative Example:
A mortgage of £114,000 payable over 23 years initially on this variable rate product for 3 years at 4.99% and then on the Cumberland Commercial Variable Base Rate (CVBR), currently 4.99% for the remaining term of the mortgage, would require 36 monthly payments of £695.21 and 240 monthly payments of £695.19. The total amount payable would be £193,138 made up of the loan amount plus interest (£77,873), arrangement fee (1% of mortgage amount) and other lending fees (£125). The overall cost for comparison is 5.2% APRC representative. What is a Representative Example?
Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly. |
|||||
You can send the below form to us by e-mail to business@cumberland.co.uk or by post to our Head Office address. We can accept a scanned version of your signature(s) in Section L, but we require an original hard copy of the Mortgage Payment Method mandate in Appendix 1 to be posted to us.
Your solicitor should be on the Society’s approved panel. If not, we can look to add them to the panel.
| Purchase Price (up to) | Total Valuation Fee Payable |
| £50,000 | £205 |
| £100,000 | £240 |
| £150,000 | £260 |
| £200,000 | £295 |
| £250,000 | £330 |
| £300,000 | £370 |
| £350,000 | £410 |
| £400,000 | £440 |
| £450,000 | £470 |
| £500,000 | £505 |
| £600,000 | £600 |
| £700,000 | £655 |
| £800,000 | £710 |
| £900,000 | £765 |
| £1 million | £820 |
Please note that for some properties, additional costs may be incurred, dependant upon distances travelled. If the property value is higher than those shown in the scale of fees, the Society will need to obtain a quotation from a local valuer.
You can complete electronically or by hand. If you are completing the form electronically, please save it to your device to ensure that your changes are recorded.
You can send the form to us by e-mail to business@cumberland.co.uk or by post to our Head Office address. We can accept a scanned version of your signature(s) in Section L, but we require an original hard copy of the Mortgage Payment Method mandate in Appendix 1 to be posted to us.
Download the application form below.
As a condition of any mortgage you will need to ensure that the property is adequately insured (e.g. Building Insurance), however, this insurance does not have to be arranged through us.
We offer the best properties at the best prices so find yours on Cumberland Estate Agents.