Cambridge cuts rates on 95% LTV products

Cambridge Building Society has announced a number of rate cuts on select 95 per cent LTV products, according to the lender.

Notable reductions include the 95 per cent LTV two-year discount cut from 2.99 per cent to 2.79 per cent, and the 95 per cent LTV five-year fix from 3.69 per cent to 3.49 per cent.

In addition, the lender has launched a fee free 80 per cent LTV five-year at 2.79 per cent.

The society has also extended the maximum lending term to 40 years.

Cambridge Building Society head of lending Tracy Simpson says: “At Cambridge we are continuously striving to introduce solutions to help people have a home.

“Through the combination of launching both reduced rates on our 95 per cent LTV products and a 40-year maximum term option we are ensuring both our products and criteria best supports first-time buyers make that step onto the housing ladder.”

This comes after the building society launched its first retirement interest-only mortgage product earlier this month.

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