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Friday, 24 October 2014

Cumberland Building Society keen to help house buyers and owners

A building society boss has moved to quell concerns in Cumbria over cuts in lending from major banks.

The Cumberland Building Society says its lending in the year so far has been “strong”.

The comments come after a report at the weekend that suggested Santander has reduced its mortgage lending and that other large banks were unable or unwilling to fill the void.

Senior management at the Carlisle-based Cumberland say they are “keen” to help people wanting to climb on to the property ladder, move house or remortgage.

Deputy chief executive John Leveson said: “Local people looking for a mortgage do not need to worry about any restrictions on the amount of lending from big banks.

“The Cumberland Building Society has significant mortgage funds available.

“With 33 branches in the region there will be a locally based mortgage adviser on hand to help anyone looking to take a new mortgage.”

The Cumberland was named best regional building society in the 2012 Mortgage Finance Gazette Awards for its competitive mortgages.

Santander UK is the British wing of the Spanish bank. As concerns about the security of Spain’s financial system grow, Prime Minister David Cameron has reassured British savers that their money is safe.

The Financial Services Authority has said customers would be protected because money could not be moved from Santander UK to the company’s Spanish arm.

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