Cambridge cuts shared ownership rates

Jake Carter

November 4, 2021

mortgages rates

The Cambridge Building Society has reduced interest rates and removed fees across its fixed rate shared ownership mortgage range.

The society’s whole of market 2-year fixed rate shared ownership mortgage product at 90% loan-to-value (LTV) has dropped from 3.49% to 3.09% and the 5-year fix from 3.99% to 3.29%.

The Cambridge also offers lenders free valuations on all its shared ownership products.

The products are available for purchase, remortgage, further advance and product switch for loans between £20,000 and £400,000.

Dan Barker, product manager at The Cambridge, said: “We’re delighted to be able to offer reduced rates to our mortgage customers as well as waiving fees for them.”

“As experts in homes and housing, being a responsible lender and a support to local communities, we know how vital it is to offer our members competitively-priced products to enable them to have access to appropriate homes and housing.”

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