The Cambridge cuts residential and buy-to-let rates by up to 0.75%

The Cambridge Building Society has reduced rates by up to 0.75% across its range of residential and buy-to-let mortgage products.

In its residential range, an interest-only two-year fixed rate at 70% LTV has reduced from 6.39% to 5.64%, while a two-year fix at 80% LTV is down by 35bps to 5.64%.

In its 95% LTV range, a five-year fixed rate has reduced from 6.19% to 5.69% and a two-year fix is down from 6.39% to 6.19%.

The Cambridge has also reduced its shared ownership rates at 95% LTV, with a two-year fixed rate down by 45bps to 6.04% and a five-year fix reducing by 20bps to 5.99%.

In its buy-to-let range, two and five-year fixed rates at 80% LTV have reduced to 6.09% and 5.64% respectively.

An expat buy-to-let five-year fixed rate at 75% LTV has reduced by 40bps to 6.09% and a five-year holiday let product has reduced from 6.29% to 5.94%.

The latest announcement from the mutual also includes the addition of two-year fixed rate options to its expat buy-to-let and holiday let ranges and the launch of a new credit assist buy-to-let product for landlords with minor credit issues.

Product manager at The Cambridge, Dan Barker, said: “We hope that these rate cuts will help our customers with more choice, while also supporting intermediaries and their clients to help landlords looking to refinance or purchase buy-to-let and holiday let properties.”