Two new fee-free mortgage products to help ‘support’ landlords

The first of the two new products, which have no application or completion fees, is a two-year fixed rate at 2.29% to 80% loan-to-value (LTV), or 2.74% at 90% LTV.

Buy-to-let landlords looking to acquire properties in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk, can now apply for two new fee-free mortgages launched by Cambridge Building Society.

The first of the two new products, which have no application or completion fees, is a two-year fixed rate at 2.29% to 80% loan-to-value (LTV), or 2.74% at 90% LTV.

The second fee-free mortgage is a five-year fixed rate at 2.59% to 80% LTV and 3.14% at 90% LTV.

The minimum loan size on both products is £50,000 and the maximum is £1m at 80% LTV and £525,000 at 90% LTV.

Remortgages have free legal fees and a free standard valuation.

Tracy Simpson, head of lending at Cambridge Building Society, commented: “We understand the difficulties and cost borrowers are facing whether they want to move or remortgage and we’re keen to do everything we can to support them.”


Written by: Houseladder