Mortgage News
Cambridge BS doubles BTL max loan size
The Cambridge Building Society has increased the maximum loan size of its two-year fixed rate buy-to-let mortgage at 4.89% from £250,000 to £500,000.
The deal is available up to 70% LTV, with a 1% fee, for buy-to-let borrowers in the wider East Anglia area.
Mark Smitheringale, head of sales and marketing at the Cambridge, said: “This product change opens up our extremely successful two-year fixed rate offer to buy-to-let loans up to £500,000.
“We expect that this will make the product even more popular with mortgage intermediaries.”
