The Cambridge cuts residential and buy-to-let rates by up to 0.75%
The Society has also expanded its buy-to-let range with new expat, holiday let and credit assist products.
"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"
- Product manager at The Cambridge, Dan Barker
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.”
