The Cambridge Launches 2 Year Discounted Product
The Cambridge Building Society is continuing its on-going commitment to providing more competitive products, with the launch of another great deal for UK Intermediaries.
The Cambridge has announced that it is offering a 2 year discounted mortgage product, available for those looking to do business in the wider East Anglia area.
The 2 year discount mortgage has a maximum LTV of 80% for just 2.99%, a reduction of 1.60% from the current 4.59% SVR.
Carole Charter, Marketing Manager at The Cambridge Building Society says: “This discounted product is limited and we are expecting high volumes of business. We are continuing to look at how we can provide the best products and services to intermediaries and this product comes at a time when competitive rates are as important as providing a good service.”
A 1.25% (minimum £1499) application fee applies and can be paid up front or added to loan subject to overall LTV limit.
The discount product is available for house purchases, remortgages, and further advances.
The Cambridge offers brokers bespoke underwriting, a dedicated BDM team and The Cambridge Mortgage Master System, an online system that allows brokers to register, submit and complete Approvals in Principle and full applications, receive immediate lending decisions, generate Key Fact Illustrations, and obtain current product and mortgage rate information from the Society’s comprehensive and competitive product range - all at their own convenience and completely free of charge.
For further information, please contact Suzanne Hazell, PR Officer at The Cambridge Building Society via shazell@cambridgebs.co.uk or on 01223 727653
By Suzanne Hazell on Tuesday 20th September 2011
