Fee Free Re-Mortgage Campaign
In response to economic forecasts predicting early and rapid increases in bank base rates, homeowners in East Anglia are being encouraged to consider switching to a fixed rate mortgage.
The Cambridge Building Society has launched a ten week ‘Fee Free Re-mortgage Campaign’, offering a two year fixed rate re-mortgage product from 4.79% completely FEE FREE and worth up to £1,600. This will appeal to those people currently on a standard variable rate mortgage, worried about the uncertainty around the future of interest rates and the impact this will have on their personal financial circumstances.
The Cambridge, which has widened its lending area to East Anglia, has removed all application fees, standard valuation fees, standard legal fees and re-mortgage fees for the duration of the campaign.
With over £200million to lend in mortgages this year alone, The Cambridge aims to encourage people throughout East Anglia to review their current mortgage arrangements and consider switching to the Society.
Mark Smitheringale, Head of Sales and Marketing at The Cambridge says: “With most economic commentators now predicting that base rates will rise during this year and beyond, reaching more normal levels than we have experienced during the last two years, now has never been a better time for mortgage borrowers to review their personal situation and consider fixing their mortgage repayments.
“We are committed to providing competitive rates and innovative products to help give people choice when it comes to choosing their mortgage provider. By offering a fee free product, we are allowing people to make a positive decision without having any extra costs to consider.
“We want people to know that The Cambridge is here and open for business and that we have a substantial sum of money to lend to borrowers in East Anglia.”
The Cambridge has recently gone through a re-branding process which has initiated many positive changes in the Society including a new and improved website where all of the products and services on offer can be viewed. This complements the high level of flexible service available, with Personal Advisers accessible between the hours of 8.30am-8.30pm.
The Cambridge re-mortgage product offers up to 90% LTV with a fixed rate of 5.99% and up to 85% LTV with a fixed rate of 4.79%
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For more information, images or interviews please contact Suzanne Hazell, PR Officer at The Cambridge on shazell@cambridgebs.co.uk ,01223 727653 or 07423432851
By Suzanne Hazell on Thursday 21st April 2011
