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Cambridge Building Society cuts rates on buy-to-let range by up to 0.80%

Cambridge Building Society is reducing rates by up to 0.80 per cent and cutting fees on its buy-to-let range.

The five-year fixed rate at 5.49 per cent is being cut by 0.80 per cent, to 4.69 per cent, as the application fee drops 0.5 per cent, from 1.5 per cent to 1 per cent, plus £199.

The two-year fixed rate of 4.49 per cent is being cut by 0.50 per cent down to 3.99 per cent. The product comes with a £1,499 application fee where £199 is payable at the time of application.

The two-year discounted rate of 4.39 per cent is being cut by 0.54 per cent, to 3.84 per cent. There is a 1 per cent application fee with £199 payable at the time of application.

All three are available at 75 per cent LTV, both direct and through intermediaries in the wider East Anglia area.

Cambridge Building Society mortgage and intermediary sales manager Tracy Simpson says: “We have completely re-launched our Buy to Let range, streamlining it to make it more attractive to mortgage intermediaries. We are always looking for ways to adapt and improve our mortgage range to ensure that we remain competitive and attractive for those wanting to do business with The Cambridge.”

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