The Cambridge Reduces its Fixed Rate Portfolio by up to 0.80%
The 2, 3 and 5 year fixed rate mortgages have been re-priced to provide intermediaries with an even more competitive range of products in support of the Society’s growth objectives.
With each product offering a maximum of 90% LTV from just 5.39%, the reduced interest rates will give intermediaries even more reasons to do business with The Cambridge. The re-price of the 5 year fixed rate 90% LTV has been reduced significantly by 0.08% from 6.69% to 5.89%.
The re-price affects the following products:
2 year fixed rate:
90% LTV now 5.39% from 5.89%
85% LTV now 4.39% from 4.59%
80% LTV now 3.99% from 4.29%
75% LTV now 3.19% from 3.69%
3 year fixed rate:
90% LTV now 5.69% from 6.19%
85% LTV now 4.79% from 4.99%
80% LTV now 4.39% from 4.59%
75% LTV now 3.79% from 4.19%
5 year fixed rate:
90% LTV now 5.89% from 6.69%
85% LTV now 5.09% from 5.39%
80% LTV now 4.69% from 5.09%
75% LTV now 4.19% from 4.69%
Mark Smitheringale, Head of Sales and Marketing at The Cambridge Building Society, says: “This key re-pricing activity comes at a time when mortgage rates are proving very competitive in the market and reflects the Society’s appetite for lending growth this year. We know that intermediaries also place significant value on our excellent service, which includes bespoke underwriting, and we felt that we needed to match this with the quality of our product offering.
For more information, interviews and images, please contact Suzanne Hazell, PR Officer at The Cambridge Building Society on shazell@cambridgebs.co.uk or on 01223727653
By Suzanne Hazell on Thursday 4th August 2011
