This site uses cookies and by using the site you are consenting to this.
Find out why we use cookies and how to manage your settings.
Close

Ways to get in touch

Close

Visit us

Find your nearest branch Our branches

Call us

Monday to Friday 8:30am - 8:30pm
Saturday 9:00am - 5:00pm

Savings: 0345 601 4021
Mortgages: 0345 601 3180
Other enquiries: 0345 601 3344
Request a callback

Chat to us

Start chat now
Menu Get in touch

The Cambridge to help more self-employed borrowers

The Cambridge has launched two new mortgages for borrowers who have recently chosen self-employment. The products, with a choice of fixed and variable rate deals, require borrowers to only have 1 year’s accounts rather than the traditional 3 required by most lenders.

Product

Rate

Application Fee

Completion Fee

ERC

Over-payments

Max Loan

Self-employed 2 Year Discount

3.24%

£199

£800

1%

10%

£400k

Self-employed 2 Year Fixed

3.99%

£199

£800

3% / 2%

10%

£400k

All loans have a maximum LTV of 80%

Flexible working options and lifestyles have led to an increase in people choosing self employment. Estimates suggest that 16% of full-time workers in East Anglia are self-employed*, these products are designed to support more local people get onto the housing ladder.

Dan Barker, Product Manager for The Cambridge, said: “We’ve always supported those who are self-employed through our standard product range, but these new products will make home ownership an option for even more people. Making the decision to choose an alternative employment route often comes with all sorts of challenges, but we don’t believe getting a mortgage should be one of them.”