The Cambridge launches exclusive 2 year fixed rate mortgage

The Cambridge Building Society has launched exclusive fixed rate residential and B2L products for three of its key Intermediary partners, Legal & General Mortgage Club PMS Mortgage Club and Sesame network.

The residential 2-year fixed rate deal will be available at 75% LTV for just 3.04% and 90% LTV at 4.89%. Both come with a £199 application fee which is non-refundable and is payable at the time of application and an £800 completion fee which is refundable and can be added to the overall loan.

The Cambridge will also offer via the distribution channels a 2-year fixed rate Buy to Let product at 70% LTV for just 3.59% with a 2% fee, 3.79% with a 1.5% fee and 3.94% with a 1% fee, all have a £199 application fee which is payable at the time of application.

Both the residential and Buy to Let products are available to AR's and DA's of Legal & General Mortgage Club, AR's of Sesame and DA's via PMS, who want to place business in the wider East Anglia area.

Tracy Simpson, Mortgage & Intermediary Sales Manager at The Cambridge says: "We have been working hard to build relationships with key network partners and we feel very strongly that we can offer these networks added value when doing business with us.

"These exclusives come at a time when we are accelerating our commitment to Intermediaries. AR's and DA's of the two networks can access these products via our new dedicated Intermediary site and can speak to our Business Development team about their cases."

Martyn Smith, Head of Mortgage Products, Legal & General Mortgage Club says: "We are pleased to be able to offer these competitive products to our mortgage club members. They are well priced and I am confident that these products available through the Mortgage Club will be of great interest to customers."

Robert McCoy, Senior Product and Communications Manager, at PMS, commented: "These exclusive products are excellent additions for our members. The security of a low fixed rate mortgage will be popular amongst many clients. Additionally, The Cambridge individually underwrites all applications and does not credit score applications, which allows its underwriters to take each client's personal circumstances into account."

The residential 2-year fixed rate has a maximum loan size of £250,000 and the 2-year fixed rate Buy to Let has a maximum loan size of £750,000.

For further information, visit cambridgebs.co.uk.