The Cambridge launches 95% Exclusive

The two year fixed rate product helps customers by offering a free valuation and low application fee. It will be available to the Society's Cambridge Select group and through Sesame, PMS and Legal & General.

The Cambridge recently re-launched its mortgage range to intermediaries and this 95% product, which enhances the current range of low deposit mortgages that the Society has on offer, is part of its continued support for first time buyers.
 
Andy Lucas, Commercial Director at The Cambridge says: "We have a commitment to supporting first time buyers and this product, which is available both direct and through intermediaries, demonstrates this.
 
"There's an increasing demand for low deposit mortgages and lenders like The Cambridge have been offering these products for a long time!"
 
Robert McCoy, Senior Product and Communications Manager from SBG, adds: "The Cambridge have been a supporting this area of the market for a while and we a pleased to partner with them on this deal. This 95% LTV mortgage will be welcomed by our members and their customers."
 
Intermediaries can register, submit and complete AIP's and full applications, generate KFI's, and obtain current product and mortgage rate information via Cambridge Mortgage Master (CMM). The Society also has a dedicated website for Intermediaries. All of the latest information on products, lending criteria and general information about the Society can be found at cambridgebs.co.uk/intermediaries.
 
The Society 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.