The Cambridge announce extended Shared Ownership lending
22 May 2019 • Products & Services
The Cambridge Building Society has today announced that they are extending their lending area for Shared Ownership mortgages via distribution through network partners.
The Cambridge have chosen to grow their lending proposition further, by offering their competitive range of Shared Ownership mortgages to those wanting to buy homes throughout England and Wales, following a successful trial with three key Shared Ownership firms located across the UK.
This follows a series of improvements the successful regional lender has made recently to extend their comprehensive First Time Buyer proposition, which in turn supports its ongoing strategy to help more people to have a home.
The Cambridge has three competitive 95% LTV mortgage products in its Shared Ownership range, demonstrating their ongoing commitment to supporting borrowers in this sector. These include a 5 year Fixed Rate product at 3.99%, a 2 year Fixed Rate product at 3.59% and a 2 year Discount product at 3.49%, making it even easier for First and Second Time Buyers to get onto the housing ladder.
Tracy Simpson, Head of Lending at The Cambridge comments: “Our aim at The Cambridge is to help people buy homes, and with this new extended lending proposition it means that we can now help more people with their home buying objectives. We have expertise that can support borrowers and intermediaries alike and my team are looking forward to talking through cases.
“At The Cambridge we understand that our intermediary partners value the personal approach we offer in our service, and through our partners we look forward to maintaining this service when supporting a wider audience.”