Compare Cambridge Building Society Mortgages
The Cambridge offer different types of mortgages for different kinds of customers, including the self-employed. Their mortgages are available to customers buying property in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk.
First Time Buyer mortgages
The Cambridge Building Society can help first time buyers get onto the property ladder with their Low Deposit mortgages which allow customers to buy a home with a deposit as low as 5%. They also have options for those whose family can assist them, including by acting as a guarantor or taking a collateral charge on their own property.
Buy to Let mortgages
Whether you are new to the idea of buying a property to rent out or are looking to expand your existing portfolio, the Cambridge can help with a buy to let mortgage. You will usually be able to borrow up to 75% of the property’s value, although its monthly rental income may also be taken into consideration.
Remortgaging with The Cambridge Building Society
Remortgaging can allow you to unlock extra funds by borrowing more or reduce your monthly payments by getting a better deal than you have on your existing mortgage. In many cases, The Cambridge will cover your standard remortgaging fees, making switching to them more attractive.
Second charge mortgages
Depending on how good your existing mortgage deal is, remortgaging to borrow more might not make the best financial sense. The Cambridge Building Society offers the option of taking out a separate secured loan instead, often called a second charge mortgage. You may be able to take your combined borrowing up to as much as 90% of the value of your home in this way.
Loan to value ratio
For most types of mortgages one of the key deciding factors in how much you can borrow will be your loan to value (LTV) ratio. This shows what percentage of your property’s market value you want to borrow.
For example, if you are looking at a house selling for £100,000 and want to borrow £50,000, your LTV would be 50%. If you then wanted to borrow an additional £25,000, your LTV would increase to 75%.
Most lenders will give better interest rates on mortgages with lower loan to value ratios.
Find the best deals on mortgage rates
To get the best deal on your mortgage, you need to be willing to compare the offers from various different providers to see which offers the best fit for you. Doing this manually can be time consuming and confusing, which is why we offer an easy-to-use mortgage calculator to make things simpler.
All you need to do is head to the top of the page and plug in some basic information, including how much you want to borrow, how long for and what type of customer you are. The calculator will then match you with the top deals we have identified from across the market for your convenience.