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Cambridge and Counties Bank brings out five-year deal for resi landlords

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  • 03/06/2024
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Cambridge and Counties Bank brings out five-year deal for resi landlords
Cambridge and Counties Bank has released a limited-period five-year fixed rate mortgage aimed at supporting residential landlords.

Cambridge and Counties Bank said that the five-year product is being released due to “heightened levels of enquiries from clients and commercial finance brokers”.

The rates start from 6.49% and the loan to value (LTV) goes up to 75%. The minimum loan value is £750,000.

Jayne Follows, head of real estate finance at Cambridge and Counties Bank, said: “While we offer competitive fixed rates on commercial and residential products, this is the first time we’ve published a limited-period fixed rate targeting residential landlords. One benefit is it can mean rental income grows relative to borrowing costs, which are fixed for a set amount of time.

“The move underscores our focus on working with clients and brokers to help them capitalise on market opportunities with a range of dedicated lending options.”

Cambridge and Counties Bank completed £328m in gross mortgage lending in 2023, which is 6% up on the prior year.

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