The mutual has also cut the rates on its 5-year fixed rate mortgages from 3.79% to 3.69%, and cut the rate on its fee-free remortgage products from 4.79% down to 3.88%.
Andy Lucas, commercial director at the Cambridge, said: “2011 was a great year for the Cambridge, with intermediary business at the forefront of our product proposition. We’ve used our developing relationships with intermediary partners to provide products that meet their needs.
“We’ll continue to listen to feedback from intermediaries and use this to shape our developments in service, products and innovation to support the intermediary market.”
