The Cambridge Launches L&G Exclusive
This exclusive offers Legal & General AR’s and Nouveau members The Cambridge’s 5-year fixed rate product at a reduced rate.
Exclusive 80% LTV at 4.09% – usually 4.19%
Exclusive 85% LTV at 4.34% - usually 4.49%
Exclusive 90% LTV at 5.24% - usually 5.49%
Andy Lucas, Commercial Director at The Cambridge says: “There has been an increase in demand for 5-year fixed rate mortgages so we have been working closely with Legal & General to be able to offer its broker network a competitively priced exclusive product.”
Martyn Smith, Head of Mortgage Products at Legal & General says: “We are also seeing an increased interest in 5 year deals with borrowers preferring the certainty of a fixed rate. These exclusives are priced competitively by The Cambridge across the 3 LTV bands and source extremely well with remortgage customers also benefiting from a free valuation and free legals.”
The exclusive product comes with a £999 application fee, of which £199 is payable upfront and has a maximum loan size of £250,000. The product also features free legal and valuation fees for remortgage applications.
The Cambridge offers intermediaries bespoke underwriting, a dedicated Business Development team and The Cambridge Mortgage Master System, an online system that allows brokers to register, submit and complete both Approvals in Principle and full applications, receive immediate lending decisions and generate Key Fact Illustrations. Brokers can also 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.
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For further information please contact Suzanne Hazell, PR Officer at The Cambridge Building Society on shazell@cambridgebs.co.uk or via 01223727653
By Suzanne Hazell on Thursday 9th February 2012
