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Cambridge BS cuts mortgage rates in criteria review

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  • 20/11/2013
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Cambridge Building Society has reduced rates and introduced an 85% LTV tier as part of a wide ranging refresh of its mortgage products.

The lender has also launched a new range of three-year fixed rate products including a 3.29% mortgage at 75% LTV and 4.59% at 90% LTV. All products come with a £199 application fee and no completion fee applies.

The new 85% LTV tier will include a two-year discounted fix at 3.14% and a five-year fix at 4.19%.

The Cambridge has also lowered interest rates by up to 0.30% on select products across the rest of its range.

Andy Lucas, commercial director at The Cambridge, said: “We continually look at our product range to see what improvements can be made.”

The lender relaunched its intermediary proposition in October after being forced to reduce lending through brokers during the summer months due to high business volumes.

“After launching a range of new products into the intermediary market in October, we’re confident these additional changes backed up by our award-winning service, provide extra support to Intermediaries in meeting their customers’ needs,” Lucas added.

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