Cambridge shaves off up to 0.7% from its 95% mortgages

Cambridge Building Society has slashed rates on its 95% LTV mortgages by up to 0.70%.

The lender’s three-year fixed rate product at 95% LTV has been cut from 6.29% to 5.59%, while its five-year fix has been reduced from 6.49% to 5.99%. Both deals come with a £559 fee.

Mark Smitheringale, head of sales and marketing at the Cambridge, says: “The reduction in rates reinforces our commitment to supporting the home ownership aspirations of buyers with a small deposit, especially those who do not have the luxury of the bank of mum and dad to rely on.”

The 95% LTV deals were launched in August by the building society.