The three-year deal has been reduced by 1%, offering an interest rate of 4.29% up to 85% LTV and 5.29% up to 90% LTV.

It has a £799 application fee, which includes a non-refundable fee of £299 payable at the time of application.

Carole Charter, marketing manager at the Cambridge Building Society, said: “Working closely with brokers has become a big focus for the Cambridge and we are aware that we need to keep our products up to date and in line with current trends in the market.

“We know that we can offer brokers a great experience with the Cambridge and now we are working hard to make sure that our products reflect this.”