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Cambridge BS widens buy-to-let distribution to England and Wales

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  • 17/04/2018
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Cambridge BS widens buy-to-let distribution to England and Wales
Cambridge Building Society is offering its buy-to-let range of mortgages across England and Wales through Legal and General Mortgage Club.

The lender has previously been restricted to areas around its Cambridgeshire home, but has now taken the step to move to a national basis.

It said that following a series of improvements to its Buy to Let criteria and product range it was taking its landlord proposition to a wider audience as part of an ongoing managed growth strategy.

The mutual will accept cases from brokers who are part of the L&G Mortgage Club and also borrowers coming directly.

 

Growing mortgage book

Tracy Simpson, head of lending at The Cambridge said the building society was looking forward to working with brokers nationwide.

“We’ve been investing heavily since 2015 in IT infrastructure, processes and people needed to support higher levels of lending and this announcement is all part of growing our mortgage book by capitalising on this investment,” she said.

“We’re very conscious that intermediaries and partners value a high level of service and a considered, personal approach to underwriting so by working with Legal & General Mortgage Club we know we can offer a strong proposition to more landlords while maintaining these standards.”

Legal & General Mortgage Club head of lender relationships Danny Belton added that it was great to see The Cambridge had extended its buy-to-let proposition.

“This is a bold yet positive move for The Cambridge. Legal & General Mortgage Club works closely with The Cambridge in developing their proposition, and it is one that our members have requested more access to,” he said.

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