You certainly can! We offer residential mortgages up to 90% loan to value (LTV) (75% in London & SE England).*
*Subject to change. Terms and conditions apply.
Our mortgage calculator is a quick tool that can provide an indication of the amount you could borrow and what the payments may be.
Details of our current remortgage offers can be found on our mortgage product selector pages.
If your mortgage is following the lender’s SVR then it can go up or down each month depending on the lender’s rate. Each lender sets their own SVR so you would need to speak with your existing lender for more information.
Jack Green, Mortgage Hub Manager at The Cumberland, says: “It may not be beneficial to go onto a provider’s SVR as the interest rate charged can sometimes be higher than the customer’s previous fixed or variable rate deal. Switching to a different product with your existing lender, or researching alternative lenders may mean that you can find a mortgage with a lower interest rate.”
We can certainly look at the possibility of you borrowing extra and it’s worth chatting to a mortgage adviser who will look at your situation individually. Factors to consider include your current LTV (loan to value ratio) which may mean that borrowing more puts you in a bracket for a higher mortgage rate.
Jack says: “We see a lot of applications from people who are mortgage-free but are looking to raise funds against their property. For example, to pay for home improvements such as an extension, new kitchen, new bathroom, or a renovated garden.”
Jack says: “Speak to us and see what we have to offer. It's an advised mortgage process that we provide so it means that we're looking at what's most appropriate for you from our range of mortgages. This might be a mortgage with a set-up fee but lower interest, or it could be that we look at only mortgages that don’t carry a set-up fee. We can offer weekend and evening appointments so hopefully we can find an appointment time that suits your lifestyle.”
Click here to book an appointment with a mortgage advisor to discuss your remortgage options.
Whether you can remortgage early, and whether there may be any costs involved will depend on your current mortgage deal. It’s always worth checking your existing paperwork if you are thinking of switching your mortgage to us.
When considering your new offer, some mortgage products have arrangement fees while others don’t and you will have the opportunity to discuss the option that works best for you when you meet with your mortgage adviser.
Cumberland remortgage deals offer free standard legal fees if you use a solicitor we’ve nominated, and a free standard valuation.*
*Excludes customers where borrowing amount is greater than £750k and all Buy to Let remortgage products. T&C’s apply.
Further information on mortgages at The Cumberland can be found here.
You can make an appointment with a mortgage adviser here.
For general enquiries please feel free to visit your local branch, or give our customer service team a call on 01228 403141 – we’re always happy to help.