Cambridge bolsters FTB range

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Cambridge Building Society has launched a new shared ownership range for first-time buyers and sweetened its criteria.

The new 95 per cent range is:

  • Two-year fixed rate at 3.59 per cent
  • Two-year discount at 3.39 per cent

Both loans are also available at 80 per cent LTV at 2.24 per cent and 2.14 per cent, respectively.

The lender has also launched a five-year fixed rate at 2.49 per cent up to 80 per cent LTV.

All options have a £199 fee.

Lending on up to 95 per cent of the share of the house or flat being purchased will be considered.

There is no requirement to have 100 per cent staircasing within the lease.

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By Ali Unwin, head of technology sector research

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At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.

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