Cambridge BS offers remortgage deal exclusively via brokers
Share
Cambridge Building Society is launching a remortgage product with reduced fees that is available exclusively via intermediaries and for borrowers in East Anglia.
The three-year fixed rate remortgage deal is available at 5.29% up to 85% LTV and at 6.29% up to 90% LTV.
Instead of a standard £999 fee, it comes with a reduced £399 fee for loans up to £250,000, a £699 fee for loans over £250,000 and a 0.3% fee on loans over £500,000.
The Cambridge says it has over £200m to lend this year and the discounted fee product is one of a number of initiatives it has planned to increase interest and business volumes.
Mark Smitheringale, head of sales and marketing, says: “This is a positive initiative for brokers, supplying a competitive product ahead of the demand that will come as soon as the bank base rate starts to increase.
“Our current intermediary partners will benefit from this great product and we hope to attract new intermediaries that have yet to do business with the Cambridge.”
He adds that the society is serious about its commitment to mortgage intermediaries.
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
