Are you looking to cash in some of your investments?, are
During the past few months rumours have been rife within
Sign up for our newsletter we'll keep you up-to-date with the latest news, products and updates straight to your inbox.
23 July 2012
The Cambridge Building Society has updated its buy-to-let mortgage range, with the mutual lowering rates by up to 0.25 percentage points.
The 2 products, which are obtainable direct as well as thru mortgage intermediaries, are:
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 to the 4.99% rate after the two years. There is a £199 application fee and a completion fee of £1,800.
Two year discounted rate:
75% LTV - was 4.89% now 4.64%
This product has a maximum loan of £750,000 and reverts to the 4.99% rate after the two years. There is a £199 application fee along with a 1% completion fee.
Andy Lucas, the Cambridge’s commercial director, mentioned: “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.”