The largest cut has been made on Cambridge’s 5-year fixed rate, 90% loan to value product which has been reduced by 0.80% from 6.69% to 5.89%.
Mark Smitheringale, head of sales and marketing at Cambridge, said: “This key re-pricing activity comes at a time when mortgage rates are proving very competitive in the market and reflects the society’s appetite for lending growth this year.
“We know that intermediaries also place significant value on our excellent service, which includes bespoke underwriting, and we felt that we needed to match this with the quality of our product offering.”
