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Cambridge BS increases buy-to-let loan size by £250k

  • 21/11/2011
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Cambridge BS increases buy-to-let loan size by £250k
The Cambridge Building Society has increased the maximum loan size it will allow on buy-to-let mortgages to £750,000.

Previously, the mutual would lend up to £500,000, but it has increased its limit on three of its buy-to-let deals with immediate effect following rising demand.

The £750,000 buy-to-let maximum applies to the Cambridge’s two-year tracker at 3.99%, two-year fixed at 4.49%, with 3.5% fee, and two-year fixed at 4.89%, with 1% fee, all up to 70% LTV.

It lends in the wider East Anglia area.

Andy Lucas, commercial director at the Cambridge, said: “We saw a noticeable increase in demand for higher loan buy-to-let products and our business development team received feedback from brokers that they would like to see the maximum loan size increased further.

“We have actioned this feedback to ensure that we continue to support brokers with the most relevant products.”

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