The Cambridge overhauls Buy to Let mortgages
Source: Cambridge Building Society
The Cambridge Building Society today announces the re-launch of its Buy to Let mortgage range. In order to remain competitive Cambridge has reduced its rates by up to 0.80% and cut the cost of its fees.
To suit the needs of its customers in the current Buy to Let market and to continue to offer intermediaries a broader range of options, the Society has re-launched its 2-year fixed rate, 2-year discounted rate and 5-year fixed rate Buy to Let products.
The 2-year fixed rate is down 0.50% to 3.99% from 4.49%, £1,499 application fee, of which £199 is payable at the time of application.
Its 2-year discounted rate down 0.54% to 3.84% from 4.39%, 1% application fee, plus £199 which is payable at the time of application. All of the products now offer a free valuation for remortgages and are available at 75% LTV.
Tracy Simpson, Mortgage and Intermediary Sales Manager at The Cambridge says: “We have completely re-launched our Buy to Let range, streamlining it to make it more attractive to mortgage intermediaries. We are always looking for ways to adapt and improve our mortgage range to ensure that we remain competitive and attractive for those wanting to do business with The Cambridge.”