The Cambridge relaunches interest-only fixed rates
The lender says the move to relaunch interest-only fixed rate mortgages will support homebuyers and homeowners facing rising living costs.
The Cambridge has relaunched a selection of fixed rate mortgage products including options for customers looking for interest-only mortgages.
The range includes interest-only two and five year fixed rate products available up to 70% loan-to-value at 5.44% and 5.54% respectively, while a repayment option of the two-year fixed rate is also available up to 80% LTV.
Dan Barker, Product and Propositions Manager, at The Cambridge, said:
“We know that choosing the right mortgage can feel like a big decision, especially when people are balancing rising household costs and planning for the future.
“By relaunching these fixed rate products, we want to give customers more choice, more certainty and the confidence to take their next step, whether they are buying a home, remortgaging or looking for greater flexibility in how they borrow.”
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