Cambridge Building Society has launched a range of mortgages for first-time buyers and existing Help to Buy homeowners wanting to remortgage.
The products include a two-year discount mortgage, with a starting rate of 2.24 per cent, and a two-year fixed rate. Both products are available to intermediaries looking to place business within the building society’s lending area.
Application fees for the products are £199 and there are no completion fees.
The Cambridge chief operating officer, Andy Lucas, says:
“By offering these Help to Buy products with a remortgage option we are supporting those who have recently got a foot on the housing ladder but have a limited choice when they come to the end of their current deal.
“We are hearing from borrowers who are looking for choice of product when coming to the end of their current Help to Buy deal and with latest reports suggesting that over 150,000 households have already been helped by the scheme, there will be a growing remortgage market developing over the new few years.”