The Cambridge Building Society has lowered the rates of two mortgages at 90 per cent loan to value (LTV) and launched a product for those with low deposits.
The two-year fixed rate has been reduced from 3.39 per cent to 3.29 per cent, while the five-year fixed has been cut to 3.89 per cent from 3.99 per cent.
Both mortgages have fees of £999 and early repayment charges (ERC) which drop incrementally to one per cent in the final year of the mortgage term.
The new deal is a discounted two-year fix at 2.89 per cent with a £199 application fee and a one per cent ERC.
Kathy Bowes, mortgage manager at The Cambridge, said: “The housing market has remained reassuringly buoyant and busy, whilst this is great for us and our intermediary partners, we recognise it makes it more difficult for people to get on the housing ladder.
“Our enhanced range for those who have a 10 per cent deposit is yet another way The Cambridge [is] striving to support both first-time buyers and those looking to move.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
