The Cambridge Building Society is refreshing its complete residential mortgage range.
This latest product range refresh will be available to both direct and intermediaries channels in the wider East Anglia area.
Some of the key changes include:
- Reduced rates across the range
- A range of ‘fee free’ re-mortgage deals – no application fee and no standard legal/valuation fees
- Product completion fees can now be added to the loan above the LTV tier
Andy Lucas, commercial director at The Cambridge, said: “2012 was a record year for The Cambridge, with our strong funding and aspects like our continued commitment to First Time Buyers resulting in mortgage business at an all time high. We received great support from many brokers across our region and we want to continue this into 2013 as we look at further product development and innovation.”
The range now includes the following products:
| Product / Criteria | 75% | 80% | 85% | 90% | Application Fee | Completion Fee | Max Loan | Free Standard Valuation/ Legals |
|
| Core (remo/purchase) | |||||||||
| 2 Year Fixed Rate | 2.99% | 3.19% | 3.79% | 4.49% | £199 | £800 | £500k to 80%
£400k to 85% |
No | |
| 5 Year Fixed Rate | 3.49% | 3.69% | 4.29% | 4.99% | £199 | £800 | £500k to 80%
£400k to 85% |
No | |
| 2 Year Discounted Rate | 2.94% | 3.14% | 3.74% | 4.44% | £199 | £800 | £500k to 80%
£400k to 85% |
No | |
| The Cambridge Variable Mortgage | 4.99% | 4.99% | 4.99% | 4.99% | £199 | £600 | £1 million to 75%
£500k to 80% |
Remo only | |
| Purchase £50k and below | £99 | £200 | £50k | ||||||
| Fee Free Remortgage | 75% | 80% | 85% | 90% | Application/ Booking Fee | Max Loan | Free Standard Valuation/Legals | ||
| 2 Year Fixed | 3.39% | 3.49% | 4.09% | 4.79% | £0 | £0 | £500k to 80%
£400k to 85% |
Yes | |
| 5 Year Fixed | 3.89% | 3.99% | 4.59% | 5.29% | £0 | £0 | £500k to 80%
£400k to 85% |
Yes
|
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