Cumberland mortgage deals can vary if you live out of their branch area.

Some Cumberland mortgage products are restricted to home owners who live in their branch area. Mortgages can come with the advantage of a higher loan to value limit if you are looking for a loan for a property within their catchment.

This variation is not restricted to the Cumberland but applies to a number of building societies across the UK. Deal Direct can source great deals with many building societies that restrict certain products to their local region.

There have been recent announcements that the Skipton Building Society has withdrawn its 95 per cent loan to value deals. It has been suggested that the withdrawal is on a temporary basis, because of sudden high demand for the products.

There are still 95 per cent deals available, such as a Cumberland mortgage, without the need for a guarantor, but this a limited offer in the Cumberland area. Nottingham, Monmouthshire and Ipswich Building Societies also offer similar deals limited to home buyers in their area.

Other restrictions on products sometimes apply, such as some rates having lower loan to value limits once you are outside the Building Society's area. For example a Cumberland mortgage 3 year discounted tracker is advertised with a loan to value of up to 85 per cent but this is reduced 75 per cent outside the Building Society's branch operating area.

Of course this can mean a better deal is available if you are within a certain area but it can be time consuming to check all the variations in the market. Give us a call at Deal Direct and we can advise you of any local variations that may be available to you and compare them to deals available in the wider market to get you the best on offer.