The Cambridge announces new Shared Ownership 95% LTV remortgage offering


The Cambridge has announced that it is changing its lending criteria to offer Shared Ownership remortgages up to 95% LTV, allowing borrowers to staircase faster to own a larger percentage of their property. This is an increase from the previous offering of 90% LTV on Shared Ownership remortgages.

This amendment to the lending criteria has strengthened The Cambridge’s ability to help borrowers who have a Shared Ownership property but do not have enough equity to buy a larger share. Offering Shared Ownership remortgages up to 95% LTV means customers can remortgage while borrowing more, supporting their ability to staircase.

The Cambridge’s Shared Ownership 95% LTV remortgage range offers a Discounted Variable Rate product at 3.49% and a 2-year Fixed Rate product at 3.59%.

Alongside this change, The Cambridge has also announced that it is reducing rates by up to 0.50% across its standard 95% LTV mortgage product range. These rate cuts include a reduced rate on the ‘First Step’ 98% LTV mortgage, specifically for first time buyers with a small deposit.

Dan Barker, Product Manager at The Cambridge comments, “As the Shared Ownership market grows with first, second and even third time buyers looking to Shared Ownership properties for an affordable way to own a home, it is important for us to respond with a variety of affordable lending options. We understand that when owning a Shared Ownership property the overall goal is to own as much of your property as possible. With the option now available to remortgage to 95% LTV with The Cambridge, being able to staircase faster and own more of the property is now a reality.”



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

The Cambridge Building Society