The Cambridge makes changes to lending products and criteria to further support First Time Buyers


The Cambridge has announced reductions to the rates on some of its 95% LTV mortgage products alongside adjusting lending criteria by increasing the maximum mortgage term to 40 years and therefore strengthening its ability to support First Time Buyers.

The reduced rates apply to its Low Deposit 2 Year Discounted Rate 95% LTV product which is now offered at 2.79%, and its Low Deposit 5 Year Fixed Rate 95% LTV product which is now offered at 3.49%. Both products have been reduced by 0.20%. To further improve the product range, The Cambridge has also introduced a Fee Free 5 Year Fixed Rate for the first time since 2018 which is offered at 2.79% for its 80% LTV product.

Along with competitive rates, The Cambridge has adjusted its lending criteria by increasing the maximum lending term to 40 years. Through the introduction of a longer term, The Cambridge looks to strengthen its support to First Time Buyers, giving more affordable lending options in a housing environment which continues to pose challenges to those wanting to get onto the housing ladder.

Tracy Simpson, Head of Lending at The Cambridge commented on the changes. “At The Cambridge we are continuously striving to introduce solutions to help people have a home. Through the combination of launching both reduced rates on our 95% LTV products and a 40 year maximum term option we are ensuring both our products and criteria best supports First Time Buyers make that step onto the housing ladder.”




The Cambridge is an independent, mutual society which has been serving the community since 1850

The Cambridge Building Society