The Cambridge cuts rates of core mortgage range

December 13, 2021

The Cambridge Building Society has reduced interest rates in its core mortgage range and reduced or withdrawn application and completion fees across many of its mortgage products.

Its core two-year Fixed Rate 80 per cent LTV mortgage is cut from 2.29 per cent to 2.09 per cent and fee amended to £999 on completion.

The Interest Only version is also available up to 70 per cent LTV at 2.09 per cent with £1,699 fee charged at completion.

The society’s core 80 per cent LTV 2.64 per cent five-year Fixed Rate and fee free 2.79per cent five Year Fixed Rate mortgages are withdrawn, and replaced with a fee free mortgage at 2.49 per cent, and a 70 per cent LTV interest only version with £1699 fee at completion.

Its Fixed Rate 90 per cent LTV products are cut by up to 0.30 per cent, with both application and completion fees removed.

The Cambridge’s Head of Lending, Tracy Simpson, said: “We constantly review our product range and fees to ensure they are competitively-priced and offer our customers variety and choice to meet their needs.”

The Cambridge continues to offer free legal fees and valuations for remortgages.

All loans are between £50,000 and £2m (£500,000 maximum for Interest Only) and are available for purchase, remortgages, product switches and further advances on properties across England and Wales.