Dark Mode Light Mode

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Follow Us
Follow Us

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Cambridge BS Scrap Application Fees Lift the size of your landlord's loan

The Cambridge Building Society has withdrawn application fees across all mortgage products and has increased the loan size for selected transactions.

Common says that previously non-refundable advance application fees were removed from all homes and repurchase loans, leaving the offer with a completion fee.

Advertisement

The borrower may choose to pay this fee upon completion or add it to the loan. This move will take place soon.

Lenders have increased the maximum loan sizes for all standard BTL, Expat and Holiday-Let products from £750,000 to £1 million.

“We've seen a lot of effort into making our products more accessible,” said Dan Barker, product and proposal manager for Cambridge Building Society.

“It makes things smoother and easier for both customers and intermediaries to place cases in Cambridge for both customers and intermediaries to remove prepaid application fees.”

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Add a comment Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Greens launched last ditch bid to save rent management

Next Post

Together with £522 million commercial and residential securitization

Advertisement