The Cambridge launches new BTL range

Nia Williams

October 29, 2013

The society has relaunched its entire range which has had interest rates reduced by up to 0.25%, has lower fees and now includes two new 3-year fixed rate options.

Up to 75% LTV, the range includes a two-year fix at 3.84%, a three-year fix at 3.99% and a five year fix at 4.69%. All have a £199 application fee and 1% completion fee.

There is also a three-year fix at 4.49% with a £99 application fee and £200 completion fee; a two year discounted rate at 3.59% with a £199 application fee and 0.5% completion fee; and a two-year discounted rate at 4.09% with a £99 application fee and £200 completion fee.

All products include a free basic valuation for remortgages.

Andy Lucas, commercial director at The Cambridge said: “Demand for buy-to-let mortgage products is increasing with the strong growth in the rented property market, especially in rapidly developing areas like Cambridge. We’ve looked to support this by offering a broad range that responds to that demand and the feedback we’ve received from 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.

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