Cambridge offers large loan deal up to £2m at 75% LTV

Cambridge Building Society has launched a mortgage aimed at those seeking loans between £500,000 and £2m.

The society says it will lend on an interest-only basis up to £750,000 of the loan.

The product is a five-year fix at 4.19% available up to 75% LTV with an arrangement fee of 0.2% at a minimum value of £2,000.

Carole Charter, marketing manager at Cambridge, says: “Larger loans are not suitable for everyone but there are people who would benefit from this product.

“We have introduced several products to our mortgage range over the past few weeks and feel this addition is a further improvement.”