Mortgages  

The Cambridge revamps buy to let range

The Cambridge Building Society has launched a new buy to let product range, with rates starting at 3.59 per cent, available for all intermediaries.

The range now has rates reduced by up to 0.25 per cent, with a two-year fixed now available at 3.84 per cent on a 75 per cent loan to value deal. Two three-year fixed rates are also available at 3.99 per cent and 4.49 per cent with a £199 application fee and 1 per cent completion fee, and £99 application fee and £200 completion fee respectively.

A five-year fixed rate is also available at 4.69 per cent with a £199 application fee and 1 per cent completion fee.

Article continues after advert

Two two-year discounted rate mortgage deals are available. One has a 3.59 per cent rate with a £199 application fee and a 0.5 per cent completion fee and the other has a 4.09 per cent rate with a £99 application fee and £200 completion fee.

A variable rate mortgage has a 5.39 per cent rate with a application fee of £199 and a £300 completion fee.

All the deals are available on a 75 per cent LTV.

Andy Lucas, commercial director at The Cambridge said: “Demand for buy to let mortgage products is increasing with the strong growth in the rented property market, especially in rapidly developing areas like Cambridge. We’ve looked to support this by offering a broad range that responds to that demand and the feedback we’ve received from customers.”