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Cambridge Building Society – Special Offer Discounted Variable Rate Mortgage

Type: Discounted-rate mortgage

Discounted term: Two years

Discount: 1.6%

Payable rate: 2.99%

Minimum loan: No minimum

Maximum loan:  Up to 80% of valuation subject to a maximum of £400,000

Income multiples: Based on affordability

Arrangement fee: 1.25% of the original loan subject to a £1,499 minimum, £99 administration fee for remortgages

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, free valuation, free legal fees, available direct and through intermediaries, for properties in Cambridgeshire, Norfolk, Suffolk, Essex, Hertfordshire, Buckinghamshire, Bedfordshire and Northamptonshire,

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: 0.35% of the original loan subject to a £150 minimum and £3,500 maximum

Tel: 0345 601 2744

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