Cambridge has added a five-year fixed rate deal to its range, available at 4.89% for loans up to 65% LTV and 5.49% up to 75%. Fees of 1% plus a £199 booking charge apply to both mortgages.
A variable rate deal has also launched for loans up to £300,000. The product is available at 5.39% up to 75% LTV and has a £1,299 fee.
The mutual’s two-year fixed rate product for loans up to 75% LTV has been reduced from 5.14% to 4.49%, with a 65% option also available at 4.19%. Fees of £1,499 apply.
Elsewhere, a two-year fee-free option is on offer at 6.09% up to 75% and a two-year discount mortgage is available at 4.39% at the same LTV, with fees of 1% plus a £199.
All products will be available direct and to mortgage intermediaries in the wider East Anglia area.
Andy Lucas, Cambridge’s commercial director, commented: “We have revamped the existing range and added products to meet the needs of a broader range of customers.
“We are continuously looking at adapting and improving our products to ensure that we are able to offer mortgage intermediaries and direct customers a choice that will appeal to them.”
