To remain competitive within 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 new streamlined range includes:
- 5-year fixed rate down 0.80% to 4.69% from 5.49% with a reduced application fee down from 1.5% to 1.0% plus £199 which is payable at the time of application.
- 2-year fixed rate down 0.50% to 3.99% from 4.49%, £1,499 application fee, of which £199 is payable at the time of application.
- 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 for direct and through intermediaries with cases in the wider East Anglia area.
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."
