Cambridge BS widens two-year fixed mortgage range
The Cambridge Building Society has added to its two-year fixed mortgage range to accommodate first-time buyers, homemovers, remortgage customers and buy-to-let (BTL) borrowers.
The mutual has launched a refreshed range featuring products at 80%, 90% and 95% loan to value (LTV), alongside a 70% LTV interest-only mortgage and its 98% LTV ‘First Step’ mortgage, aimed at borrowers with smaller deposits.
Available from 4 November, the products include an 80% LTV two-year fixed rate mortgage at 5.79%, matching the rate offered on its 70% LTV interest-only product.
The Cambridge Building Society has also introduced a 90% LTV two-year fix at 5.89%, a 95% LTV low-deposit mortgage at 5.99% and an 80% LTV BTL mortgage at 5.94%.
Its highest LTV product, the First Step mortgage, has been priced at 6.29% and allows first-time buyers to purchase a property with just a 2% deposit.
The lender said the revised range provides options for a broad range of borrowers, including those purchasing a home, remortgaging or investing in BTL property.
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