The Cambridge refreshes mortgage range
The refresh comes into effect today and will be available to all mortgage Intermediaries who wish to do business in the wider East Anglia area.
Some of the key changes include:
• Reduced rates across the range
• A range of ‘fee free’ remortgage deals – no application fee and no standard legal/valuation fees
• Product completion fees can now be added to the loan above the LTV tier
Andy Lucas, commercial director at The Cambridge, said: “2012 was a record year for The Cambridge, with our strong funding and aspects like our continued commitment to first-time buyers resulting in mortgage business at an all time high.
“We received great support from many brokers across our region and we want to continue this into 2013 as we look at further product development and innovation.”
The society has also developed a new website which is dedicated to intermediaries. All of the latest information on products, lending criteria and general information about the society can be found at www.cambridgebs.co.uk/intermediaries.
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 now also 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.