The Cambridge launches exclusive 3 year fix
The range, which offers up to 90% maximum loan to value, comes with a £99 application fee and no completion fees as well as free standard valuation and legal fees for remortgage cases.
It is also available to the Cambridge Select group of intermediaries and through its direct channels.
Andy Lucas, commercial director at The Cambridge, said: “We are delighted to offer this 3 year fixed through L&G, Sesame and PMS who have highlighted the demand for a low fee fixed-rate product.
“The product goes up to 90% LTV which reinforces our ongoing commitment to borrowers who have a small deposit and want a fixed rate product.”
Martyn Smith, head of mortgage products at Legal & General Mortgage Club, said: “Building societies continue to play an increasingly important role in today’s mortgage market and this new range of 3 year fixed rates from The Cambridge, with rates across the LTV spectrum, provides further choice for our members and their customers looking for a good value product with low cost of entry.”
Robert McCoy, senior product and communications manager at Sesame Bankhall Group, added: “At a time when we are looking to lenders to offer help to those borrowers with high LTV requirements, this range of low fee fixed-rate products are a welcome addition to our current range of exclusives.
“We have seen an increase in demand from our members for higher LTV products and I’m sure that this latest addition will prove very popular.”