Interest rates and key features
Borrow up to 70% of your property's value for house purchases and remortgaging 
| 3.19% | which is the current base rate plus 2.69%. After two years you switch to our Cambridge Variable Mortgage and pay our standard variable rate, currently | |
| 4.59% | and remain on variable rate terms for the rest of the mortgage. | |
| The overall cost for comparison is 4.7% APR | ||
Borrow up to 80% of your property's value for house purchases and remortgaging
| 3.79% | which is the current base rate plus 3.29%. After two years you switch to our Cambridge Variable Mortgage and pay our standard variable rate, currently | |
| 4.59% | and remain on variable rate terms for the rest of the mortgage. | |
| The overall cost for comparison is 4.7% APR | ||
Borrow up to 90% of your property's value for house purchases and up to 85% if remortgaging
| 4.79% | which is the current base rate plus 4.29%. After two years you switch to our Cambridge Variable Mortgage and pay our standard variable rate, currently | |
| 4.59% | and remain on variable rate terms for the rest of the mortgage. | |
| The overall cost for comparison is 4.9% APR | ||
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Two Year Base Rate Tracker Mortgage Key Features
Fees
- Application fee is equivalent to 1% of your loan (minimum £1499) - this fee is reduced to 0.5% of your loan (minimum £999) if you qualify for our Families' Loyalty Bonus.
- For remortgages, you pay an additional £99 administration fee - waived if you qualify for our Families Loyalty Bonus.
- Existing borrowers who wish to switch to one of these deals will need to pay a reduced application fee equivalent to 0.5% of your outstanding loan (minimum £999)
- No property valuation fee.
- No higher lending charge.
Overpayments & Early repayment charge
- During each 12 month period of the Tracker rate term, you have the flexibility to make overpayments of up to 10% of the opening balance. The opening balance is reset every year on the anniversary of the completion of your mortgage. Any amount repaid over this limit will incur a charge equal to 3% of the excess overpayment.
- If you switch your loan to another lender, a different mortgage deal with us, or repay it in full before the end of the Tracker rate term, you will have to pay an early repayment charge equal to 3% of the outstanding balance.
- At the end of the Tracker rate term your mortgage will switch to our Cambridge Variable Mortgage. You will then be able to make as many overpayments as you wish or pay off your mortgage without incurring an early repayment charge.
- If you move house, you may transfer the balance of the Tracker rate mortgage to your next home, without penalty.
How much can I borrow?
- Please see above.
