First Time Buyers supported by re-launch of Help to Buy mortgages
8 January 2021 • Products & Services
The Cambridge is once again offering Help to Buy mortgages, supporting First Time Buyers get a foot on the housing ladder with new products added to their range this week.
The re-launch is in response to the new Government Help to Buy scheme and the range includes two and five year fixes at rates of 2.54% and 2.69% respectively, and a two year discount at 2.14%. All have a max LTV of 75%, an application fee of £199 and no completion fees. The products also offer a free valuation.
Dan Barker, Product Manager at The Cambridge describes the range of products “These products have been designed with First Time Buyers in mind, with a low application fee at £199, and no completion fees making them more accessible than many”.
The new scheme allows First Time Buyers to apply now and reserve their home, ready to move into from 1st April 2021. The Team at The Cambridge are ready to help Intermediaries looking to move quickly for their clients in preparation for an April move in date.
Help to Buy is the latest launch from The Cambridge to support First Time Buyers, this positive move comes shortly after The Cambridge returned to the 90% LTV market, both Help to Buy and 90% LTV are offered across England and Wales.
Kathy Bowes, Intermediary Manager at The Cambridge said “We know 2020 put plans on hold for some hoping to move, and uncertainty in the housing market hasn’t helped our Intermediary partners. We’re pleased to have Help to Buy back and offer more product variation to Intermediaries looking to support First Time Buyers get a foot on the housing ladder”.
Product criteria can be found by clicking here.
For more information contact the team today.