MI launches 95pc fixed with The Cambridge
The 95% product is available for purchases, has a £300 completion fee of which £199 is payable upfront and a free standard valuation. It is open to all ARs and DAs of Mortgage Intelligence with cases in the East of England.
Sally Laker, managing director, Mortgage Intelligence Holdings, said: “We are delighted to be able to offer this competitive 95% LTV product with The Cambridge.
“The availability of higher LTV products is now an increasing trend which can only assist the recovery of the first-time buyer purchase market.”
Andy Lucas, commercial director at The Cambridge, added: “We remain committed to supporting first-time buyers in the East of England and on top of that, this product is also open to second steppers who may require a higher LTV product to help them move into a larger property.”