The fixed-rate mortgage is available on loans of up to 95% LTV for purchases. The deal represents fantastic value, offering a low fee of £499, up to a maximum valuation of £250,000.
Two further products are offered on a two-year fixed-rate, both of which have a fee of £999 and are available to those looking to purchase or re-mortgage. The 80% LTV is available for just 2.79% and the 85% LTV for 3.49%. These products are open to both ARs and DAs.
The Cambridge regards its relationships with key intermediary networks very highly. These products build on an already strong partnership between the Society and Legal & General Mortgage Club.
Martyn Smith, Head of Mortgage Products, Legal & General Network says:
“It’s very pleasing to be able to offer another excellent exclusive with one of our partners via Legal & General Mortgage Club. Many borrowers have been finding it difficult to raise the large deposits required to access a lot of mortgage products. This Cambridge three-year fix presents another option for those borrowers and offers additional choice at a time when the market really needs it.
Tracy Simpson, Mortgage and Intermediary Sales Manager at The Cambridge says:
”We are delighted to be able to offer these products to Legal & General. We value feedback from our mortgage intermediary partners and there has been a real appetite for a high LTV product. Our product range is supported by the highly regarded service that is given to mortgage intermediaries by our Intermediary team.”
