The Cambridge Building Society is the latest lender to enter the 95% LTV mortgage market, with products available from 5 May.
The products are being launched outside of the government’s mortgage guarantee scheme.
Rates for the new products start at 3.89% for the two-year ‘discounted’ deal; 3.99% for a standard two-year fix and 4.09% for a five-year fix. An application fee of £199 applies across the products, but no completion fees are included.
Full details on the products are below:
| Product | Initial interest rate | Application Fee | Completion Fee | Early Repayment Charge |
| 2 Year Discounted | 3.89% | £199 | £0 | 1% |
| 2 Year Fixed | 3.99% | £199 | £0 | 3/2% |
| 5 Year Fixed | 4.09% | £199 | £0 | 5/4/3/2/1% |
The Cambridge intermediary manager Kathy Bowes says: “We’ve been able to support a large number of intermediaries and their clients over the last 12 months, but we know the 95% LTV options have been limited. We’re excited to be offering even more choice by further enhancing our low deposit options and making home ownership more attainable.”
A slew of lenders have re-entered the 95% LTV mortgage market in recent weeks, both within the government’s mortgage guarantee scheme and without, including Metro Bank who launched their own 95% products earlier today.
