Not only can we offer great deals, but switching your mortgage can be completed in 4 simple steps

1 Discuss your mortgage with our expert
Contact the personal adviser at your local branch of the Cambridge to discuss your requirements. You may wish to borrow extra to carry out home improvements or pay off other loans you have. Generally, we can lend up to 85% of your property’s value. Our personal adviser will recommend which of our mortgages will best suit your needs and provide you with a personal illustration. If you then wish to proceed, our personal adviser will help you to complete an application form.

2 The mortgage application assessment
Once we have received your completed application form, we will conduct a credit search and ask you to provide evidence of income in order to establish that you can afford the mortgage repayments. Then we will arrange a valuation of your property to assess the security offered for the loan. We will instruct the valuer and pay for the report. Once our enquiries are complete, we will send you a ‘Mortgage Offer’ confirming that your loan has been agreed. The Mortgage Offer includes a full illustration of mortgage costs and terms.

3 The legal work and fees
We then instruct our panel solicitor to arrange the legal work. We will pay the standard legal fees required to arrange the remortgage. You may, if you prefer, instruct your own solicitor to carry out the remortgage legal work and we will pay you £200 towards the costs when your new loan is up and running.
The solicitor will carry out the necessary legal procedures associated with a remortgage, including making the necessary arrangements to repay the loan with your current lender and preparing the new mortgage documents. Your existing lender may charge a fee to discharge your existing loan.
When you have completed the application form, you will be required to pay a non-refundable £99 remortgage administration fee. If you are applying for one of our tracker or variable rate mortgage deals and you qualify for the Society's Families' Loyalty Bonus this fee will be waived.
We charge an application fee to reserve funds and there may be early repayment charges if you repay the loan in full during any fixed or discounted rate term. Our personal adviser will bring these features to your attention when discussing your mortgage options.
Fees can be paid up front or added to your loan. If added to the loan, we will charge interest on the fee during the term of the loan.
We will pay for the valuation report that we require to assess your property for mortgage purposes.

4 The switch is complete
Your new loan account is set up and the switch is complete. Now you start to benefit from your new mortgage deal.

If you have any queries regarding remortgaging then please do not hesitate to contact us.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.