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New fee free* mortgages and cut rates to support home movers and landlords
8 September 2017 • Products & Services
Following this week's announcement of a £15m investment from the Cambridgeshire County Council Pension Fund, The Cambridge today launches two new fee free* fixed rate products and reduces rates across its residential and Buy to Let ranges.
The new fee free* products have no application or completion fees and remortgages are further supported with free legal fees and a free standard valuation. They sit within The Cambridge's new residential range which has seen rates reduce across the board; and the maximum loan size at 90% loan to value increased to £525,000. The Buy to Let range has also had rate reductions over the range.
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Head of Lending Tracy Simpson said: "We understand the difficulties and cost borrowers are facing whether they want to move or remortgage and we're keen to do everything we can to support them. These fee free products coupled with free legal and valuation fees for remortgages offer your customers a great lower upfront cost alternative.
"I'm delighted that we've been able to launch this new range in the same week that we announced plans to help 1,000 more families buy their own home and my team are ready to support intermediaries and customers alike with their mortgage needs."
Product Manager Dan Barker said: "These changes demonstrate our commitment to supporting borrowers with a range of mortgages that offer choice. Increasing the loan size will help us lend more for the higher loan to value cases whilst still maintaining responsible lending. We are also lowering the rates across our entire Buy to Let range to demonstrate our support to landlords at a time where they are experiencing numerous financial changes."
The Cambridge's award winning mortgage services and residential and Buy to Let mortgages are available on properties in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk.
* Fee free refers to no application or completion fees. Other fees are still applicable.
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