Buy to Let

Cambridge launches two fee-free mortgages

Cambridge Building Society has launched two new fee-free mortgages and cut rates across its residential and buy-to-let ranges.

The new fee-free products have no application or completion fees.

The first is a two-year fixed rate at 2.29 per cent to 80 per cent LTV, or 2,74 per cent to 90 per cent LTV.

The second is a five-year fixed rate at 2.59 per cent to 80 per cent LTV and  3.14 per cent to 90 per cent.

The minimum loan size on both products is £50,000 and the maximum is £525,000 at 90 per cent LTV and £1m at 80 per cent.

Remortgages have free legal fees and a free standard valuation.

Cambridge Building Society head of lending Tracy Simpson says: “We understand the difficulties and cost borrowers are facing whether they want to move or remortgage and we’re keen to do everything we can to support them.”

Cambridge’s loans are available on properties in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk.

Leave a Reply

Your email address will not be published. Required fields are marked *

twelve − 4 =