The Cambridge Building Society is launching an exclusive three-year fixed rate available to members of Legal & General Mortgage Club, Sesame and PMS.
The range offers four different deals ranging between 75% and 90% LTV.
The 75% LTV deal charges 3.19%, which rises to 3.29% at 80% LTV, 3.79% at 85% LTV and 4.49% at 90% LTV.
The mortgages have a £99 application fee and no completion fees, as well as free standard valuation and legal fees for remortgage cases.
They are also available to the Cambridge Select group of intermediaries and through the Society's direct channels.
Andy Lucas, commercial director at The Cambridge, said: “L&G, Sesame and PMS have highlighted the demand for a low fee fixed-rate product.
"The product goes up to 90% LTV which reinforces our ongoing commitment to borrowers who have a small deposit and want a fixed rate product.”
Martyn Smith, head of mortgage products at Legal & General Mortgage Club said: “This new range of three-year fixed rates from the Cambridge provides further choice for our members and their customers looking for a good value product with low cost of entry."
Robert McCoy, senior product and communications manager at Sesame Bankhall Group, added: “At a time when we are looking to lenders to offer help to those borrowers with high LTV requirements, this range of low fee fixed rate products are a welcome addition to our current range of exclusives.
"We have seen an increase in demand from our members for higher LTV products and I’m sure that this latest addition will prove very popular.”
Intermediaries can register, submit and complete an agreement in principle and full applications, generate KFIs, and obtain current product and mortgage rate information from Cambridge Mortgage Master (CMM). The Society also has a dedicated website for Intermediaries.
It uses MATS (Mortgage Application Tracking System) which is designed to make mortgage application processing smoother give intermediaries updates on their cases via text message, email and personalised web pages.
Comments