Following Brian’s post last week about the Cambridge Building Society supporting first-time buyers with 95% LTV (Loan to Value) mortgages, this week they’ve announced a new product range for buy to let mortgages too.
These will will cover mortgages up to 75% LTV, and the Cambridge also has a choice of different interest rates and fees. So there will be a wider selection of possible price combinations for thee buy to let mortgages.
We always like to see more mortgage products being launched, because the wider range the better the competition.
The Cambridge’s commercial director Andy Lucas summed it up:
“Demand for buy-to-let mortgage products is increasing with the strong growth in the rented property market, especially in rapidly developing areas like Cambridge.”
Now is an excellent time to talk through your own financial situation, whether it’s to buy you first home, or you’re looking to invest and buy to let. So, give us a call – we love hearing from you.
