Cambridge Building Society launches Help to Buy range

Ryan Bembridge

October 17, 2018

Cambridge Building Society has launched a Help to Buy range of mortgages to 75% loan-to-value with a 20% equity loan for homeowners looking to remortgage as well as first-time buyers.

There is a 2-year fix at 2.24%, which allows overpayments of up to 10% with an early repayment charge of 3% in the first year and 2% in the second.

Alternatively customers can take out a 2-year discount at 2.24% with no early repayment charge and unlimited overpayments.

Both products come with an application fee of £199 and no completion fee.

Andy Lucas, chief operating officer at The Cambridge, said: “By offering these Help to Buy products with a remortgage option we’re supporting those who have recently got a foot on the housing ladder but have a limited choice when they come to the end of their current deal.

“We’re hearing from borrowers who are looking for choice of product when coming to the end of their current Help to Buy deal and with latest reports suggesting that over 150,000 households have already been helped by the scheme, there will be a growing remortgage market developing over the new few years.”

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