The Cambridge launches three new products for ‘mortgage misfits’

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The Cambridge has launched three new products for intermediaries, targeted at the recently self-employed and those with a less than perfect credit history.

The self-employed two year fixed deal is available at 3.99 per cent or a discounted rate of 3.24 per cent, with combined application and completion fees of £999.

The ‘home solutions’ product for those with missed payments is two year fix at 5.99 per cent and also has fees of £999.

The Cambridge product manager Dan Barker says: “We’ve always supported those who are self-employed through our standard product range, but these new products will make home ownership an option for even more people.

“Making the decision to choose an alternative employment route often comes with all sorts of challenges, but we don’t believe getting a mortgage should be one of them.”

All loans have a maximum LTV of 80 per cent.