The Cambridge cuts rates of core mortgage range

The Cambridge Building Society has reduced interest rates in its core mortgage range and reduced or withdrawn application and completion fees across many of its mortgage products.

The Cambridge’s Head of Lending, Tracy Simpson

Its core 2-year Fixed Rate 80% LTV mortgage is cut from 2.29% to 2.09% and fee amended to £999 on completion.

The Interest Only version is also available up to 70% LTV at 2.09% with £1699 fee charged at completion.

The society’s core 80% LTV 2.64% 5-year Fixed Rate and fee free 2.79% 5 Year Fixed Rate mortgages are withdrawn, and replaced with a fee free mortgage at 2.49%, and a 70% LTV interest only version with £1699 fee at completion.

Its Fixed Rate 90% LTV products are cut by up to 0.30%, with both application and completion fees removed.

The Cambridge’s Head of Lending, Tracy Simpson (pictured), said: “We constantly review our product range and fees to ensure they are competitively-priced and offer our customers variety and choice to meet their needs.”

The Cambridge continues to offer free legal fees and valuations for remortgages.

All loans are between £50,000 and £2m (£500,000 maximum for Interest Only) and are available for purchase, remortgages, product switches and further advances on properties across England and Wales.



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