The Cambridge reduces rates and launches new 3 year fixed rate

The Cambridge Building Society has announced that it is reducing rates on three of its current mortgage products in its residential range and that it is launching a new three year fixed rate product for intermediaries.

This refresh also sees fees being cut and a new 85% tier being added to all of the products, giving intermediaries and their customers more choice.
 
The key changes include:

Launch of 3 year fixed rate with low fees and free standard legal fees and valuations for remortgages
 
3.29% at 75% LTV
3.39% at 80% LTV
3.89% at 85% LTV
4.59% at 90% LTV

Interest rates reduced by up to 0.30% across our 2 Year Fixed, 5 year Fixed Rate and 2 Year Discount products

Reduced fees on the 2 Year Fixed Rate and 5 Year Fixed Rate mortgages
A new 85% tier added to 2, 3, 5 Year Fixed Rate and 2 Year Discount products
Free standard legal fees and valuations on remortgages onto 5 Year Fixed Rate
 
Andy Lucas, Commercial Director at The Cambridge says: “We continually look at our product range to see what improvements can be made. After launching a range of new products into the intermediary market in October, we're confident these additional changes backed up by our award-winning service, provide extra support to Intermediaries in meeting their customers' needs."

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.