The Cambridge launches 95pc exclusive
It will be available to the society’s Cambridge Select group and through Sesame, PMS and Legal & General.
Andy Lucas, commercial director at The Cambridge said: “We have a commitment to supporting first-time buyers and this product, which is available both direct and through intermediaries, demonstrates this.
“There’s an increasing demand for low deposit mortgages and lenders like The Cambridge have been offering these products for a long time!”
Robert McCoy, senior product and communications manager from SBG, added: “The Cambridge have been a supporting this area of the market for a while and we are pleased to partner with them on this deal. This 95% LTV mortgage will be welcomed by our members and their customers.”
Intermediaries can register, submit and complete AIPs and full applications, generate KFIs, and obtain current product and mortgage rate information via Cambridge Mortgage Master. The society also has a dedicated website for intermediaries.
The society uses the MATS system which is designed to make the processing of mortgage applications smoother and enables intermediaries to receive updates on their cases via text message, email and personalised web pages.