Cambridge partners with Sesame and PMS

Cambridge Building Society has announced a partnership with Sesame and PMS.

The partnership will see Sesame and PMS offer the building society’s buy-to-let mortgage range.

Applicants will be assessed using a stress rate of 4.59 per cent with rental coverage of 125 per cent on BTL like-for-like remortgages, according to the firm.

Cambridge Building Society intermediary manager Kathy Bowes comments: “We want to maintain our standards when it comes to what we can offer, and we know that intermediaries and partners value a considered, personal approach to underwriting.

“Our continued investment and development of our lending proposition demonstrates we are committed to the private rental market and helping people have a home.”

Sesame and PMS director of mortgages Jane Benjamin says: “We are very pleased to support Cambridge Building Society’s growth strategy and we welcome this expansion, which means that more of our PMS Mortgage Club and Sesame Network members will benefit from access to The Cambridge’s range of mortgage products.”

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