Cambridge launches five year fix

The 5-year fixed rate mortgage range has up to a 0.50% reduction in rates, and a lower application fee, providing a very competitive deal all round.

The product details are:

• 90% LTV now 5.39% from 5.89%

• 85% LTV now 4.59% from 5.09%

• 80% LTV now 4.29% from 4.69 %

• 75% LTV now 3.79% from 4.19%

Carole Charter, marketing manager at The Cambridge Building Society said: “This special offer product has been launched at a time when intermediaries are increasingly looking for good rates to match our excellent service.

“With our bespoke underwriting, dedicated BDM team and The Cambridge Mortgage Master System, this special offer product will give intermediaries the complete package.”

The Cambridge Special Offer 5 Year Fixed Rate Mortgage is available for a limited period and is available for residential home purchases, remortgages and further advances.

The application fee has been reduced to £999 from £1299, £299 of which is payable at the time of application and not refundable.