The Cambridge Building Society has reduced rates for select shared ownership products by up to 0.7 per cent and removed application and completion fees.
The removal of the fees will save borrowers up to £700 according to the mutual, and free valuations are also available.
Its whole of market two-year fixed rate at 90 per cent LTV has gone from 3.49 per cent to 3.09 per cent, whilst its five-year fixed rate has fallen from 3.99 per cent to 3.29 per cent.
The mutual also has a two and five-year fixed rate at 95 per cent LTV, which is available exclusively through Mortgage Advice Bureau or direct to customer, that has reduced from 3.99 per cent to 3.59 per cent and from 4.24 per cent to 3.89 per cent respectively.
Cambridge’s product manager Dan Barker said: “We’re delighted to be able to offer reduced rates to our mortgage customers, as well as waiving fees for them.
“As experts in homes and housing, being a responsible lender and a support to local communities, we know how vital it is to offer our members competitively-priced products to enable them to have access to appropriate homes and housing.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
