The Cambridge cuts BTL rates by 0.25%
The Cambridge Building Society is launching a new Buy to Let product range, with rates starting at 3.59%, to all intermediaries from today.
To remain competitive within the current Buy to Let market and to continue to offer intermediaries a broader range of options, the Society has re-launched the entire range, which has had interest rates reduced by up to 0.25%, has lower fees, and now includes two new 3-year fixed rate options.
All products include a free basic valuation for remortgages.
Andy Lucas, Commercial Director at The Cambridge says:
“Demand for Buy to Let mortgage products is increasing with the strong growth in the rented property market, especially in rapidly developing areas like Cambridge. We’ve looked to support this by offering a broad range that responds to that demand and the feedback we’ve received from customers.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
FCA
FCA bans and fines adviser £100,000
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?