The banking industry has suffered a series of knock backs over the past couple of years, and as a result of a number of factors many consumers have lost confidence in banks and building societies, which have come under fire for a variety of things.

However, one building society has recently been honoured with a national award, which was awarded to the building society in November.

The award was made earlier this month at the Mortgage Finance Gazette awards ceremony in London.

The award that was made to the building was the Best Regional Building Society award, and at a time when many banks and building societies are facing fierce criticism the award has been welcomed by the Carlisle based building society.

The Cumberland was found to have offered the most consistently competitive mortgage rates over the course of the year.

The Cumberland also went on to win another award at the ceremony, and scooped the Community Services award, which goes to small and medium sized lenders.

A spokesperson from the building society said that the Cumberland was very proud to have received the prestigious awards and added that the lender would continue to try and provide competitive rates on mortgages.

He also said that the building society is a traditional one, and that it aims to put the interests of its customers at heard.

He said: “We are delighted to be named the UK’s Best Regional Building Society. We aim to provide consistently competitive mortgages and it is great to see this recognised at a national level. Being a traditional building society we have put the interests of our members first ever since we were established, and we continue to do so now. Although this has been called boring and old fashioned in the past, our traditional approach to lending has allowed us to build on our financial strength and keep providing good value mortgage and savings products throughout the current economic difficulties.”

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