Cambridge increases BTL loan size
The three products include a 2-year tracker at 3.99% available at 70% LTV with a 3.5% application fee, a 2-year fixed rate at 4.49% available at 70% LTV with a 3.5% application fee and a 2-year fixed rate at 4.89% with a 1% application fee at 70% LTV.
The product change follows a previous increase in loan size to The Cambridge’s 2-year fixed rate buy-to-let to £500,000 available at 4.89% back in October.
Andy Lucas, commercial director at Cambridge, said: “We saw a noticeable increase in demand for higher loan buy-to-let products and our business development team received feedback from brokers that they would like to see the maximum loan size increased further.
“We have actioned this feedback to ensure that we continue to support brokers with the most relevant products.”