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The Cambridge refreshes buy to let range

23rd July 2012 Print

Demand from mortgage brokers has encouraged The Cambridge Building Society to refresh its popular buy to let mortgage range, reducing rates by up to 0.25%.

The Society has seen an increase in applications for buy to let mortgages and has refreshed the range to ensure that it remains competitive in the current market.

The two products that have been refreshed include:

Two year fixed rate

70% LTV - was 5.09% now 4.94%
75% LTV - was 5.39% now 5.14%

Both have a maximum loan of £250,000 and revert back to the 4.99% rate after the two years. They come with a £199 application fee and an £1,800 completion fee.

Two year discounted rate

75% LTV - was 4.89% now 4.64% 

This product has a maximum loan of £750,000 and reverts back to the 4.99% rate after the two years. It comes with a £199 application fee and a 1% completion fee.

Andy Lucas, Commercial Director says, "We have seen an increase in interest around our Buy to Let products and we wanted to support the market with a more competitive product for those people seeking a two year fixed rate product.

Both Buy to Let products are available direct and via mortgage intermediaries.