The Cambridge cuts rates & launches 3-year fix

The Cambridge Building Society has announced today that it is reducing rates on three of its current mortgage products in its residential range and that it is launching a new three year fixed rate product for intermediaries.

Related topics:  Mortgages
Amy Loddington
20th November 2013
Mortgages


This refresh also sees fees being cut and a new 85% tier being added to all of the products, giving intermediaries and their customers more choice.

The key changes include:

- Launch of 3 year fixed rate with low fees and free standard legal fees and valuations for remortgages
3.29% at 75% LTV
3.39% at 80% LTV
3.89% at 85% LTV
4.59% at 90% LTV

- Interest rates reduced by up to 0.30% across our 2 Year Fixed, 5 year Fixed Rate and 2 Year Discount products
   
- Reduced fees on the 2 Year Fixed Rate and 5 Year Fixed Rate mortgages
   
- A new 85% tier added to 2, 3, 5 Year Fixed Rate and 2 Year Discount products
   
- Free standard legal fees and valuations on remortgages onto 5 Year Fixed Rate

Andy Lucas, Commercial Director at The Cambridge says:

“We continually look at our product range to see what improvements can be made. After launching a range of new products into the intermediary market in October, we're confident these additional changes backed up by our award-winning service, provide extra support to Intermediaries in meeting their customers' needs."

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.