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Cambridge BS launch new fixed rate mortgage

Cambridge BS launch new fixed rate mortgage

Category: Mortgages

Updated: 20/01/2009
First Published: 19/01/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Prompted by the base rate change, The Cambridge BS has just launched two new fixed rate mortgages but they are only available to the people of East Anglia!

Option 1: rate of 4.29% fixed to 20 April 2011, with a maximum loan of 75% of the property value. Option 2: offers a rate of 4.89%, fixed to 20 April 2011. The maximum loan for this mortgage is 85% of the property value. Despite a set-up fee of £999, neither mortgage has an extended tie-in and they do include a free valuation.

The low rate and the free valuation mean that this 'local only' BS is able to compete with the bigger high street names and earning four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.