The new products available include a Help to Buy 5 year fixed rate mortgage which is exclusively for customers buying one of Hill Group's new Athena homes at Eddington – Cambridge's newest neighbourhood.
Tracy Simpson, Head of Lending at The Cambridge said: “With our exclusive fixed product, featuring low application fees and no completion fee, coupled with Hill’s Five Star package offering savings of over £5,000, we hope this new partnership with the housebuilder Hill will be an attractive prospect to first time buyers.
“We also think it’s important not to forget those who already have a Help to Buy mortgage which may be coming to an end. Having an additional option on the table will help these customers when they come to look at remortgaging.”
|
Product |
Max LTV |
Application Fee |
Completion Fee |
ERC |
Over- payments |
|
Help to Buy |
75% |
|
|
|
|
|
Help To Buy 2 Year Fixed |
2.24% |
£199 |
£0 |
3/2% |
10% |
|
Help to Buy 2 Year Discount |
2.24% |
£199 |
£0 |
0% |
Unlimited |
|
Help to Buy 5 Year Fixed (Hill Exclusive) |
2.69% |
£199 |
£0 |
5/4/3/2/1% |
10% |
The range also includes a 2 year discount mortgage, with a starting rate of 2.24%, and a 2 year fixed rate both of which are available to registered intermediaries looking to place business within The Cambridge’s lending area.
Hill Group’s Deputy Managing Director Rob Hall said: “Hill is delighted to be partnering with The Cambridge Building Society to help first time buyers onto the Cambridge property ladder. As two local businesses, it is exciting to be able to assist buyers with their first home purchase and Hill is pleased to be offering first time buyers their stamp duty, legal fees and moving cost paid, plus £4,000 of John Lewis vouchers, to help them set up their new home.’