The Cambridge Building Society has been added to the Primis Mortgage Network’s lender panel. The network says its appointed representative firms will have direct access to The Cambridge’s residential and buy-to-let mortgages for properties in England and Wales. Primis Mortgage Network comprises around 930 firms and
The Cambridge launches 95% LTV deals from 3.89%
By Rebekah Commane 22
nd April 2021 10:27 am
The Cambridge Building Society is the latest lender to enter the 95% LTV mortgage market, with products available from 5 May.
The products are being launched outside of the government’s mortgage guarantee scheme.
Rates for the new products start at 3.89% for the two-year ‘discounted’ deal; 3.99% for a standard two-year fix and 4.09% for a five-year fix. An application fee of £199 applies across the products, but no completion fees are included.
Full details on the products are below:
According to the lender, average house prices have increased by 7.5% and in Cambridgeshire.
Kathy Bowes, mortgage manager at The Cambridge, said: “The housing market has remained reassuringly buoyant and busy, whilst this is great for us and our intermediary partners, we recognise it makes it more difficult for people to get on the housing ladder.
“Our enhanced range for those who have a 10% deposit is yet another way The Cambridge are striving to support both First Time Buyers and those looking to move.”