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Cambridge doubles B2L loan size to £500,000

The Cambridge Building Society has doubled the maximum loan size it will lend on a buy-to-let basis from £250,000 to £500,000.

Those wanting to borrow up to £500,000 on a buy-to-let basis can now do so through the lender’s two-year fix at 4.89% available up to 70% LTV with a 1% fee.

The society’s maximum loan size on all other buy-to-let products remains at £250,000.

Mark Smitheringale, head of sales and marketing at the Cambridge, says: “This product change is opening up our extremely successful two-year fixed rate offer to buy-to-let loans up to £500,000. We expect that this will make the product even more popular with mortgage intermediaries.”

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