The Cambridge Building Society is an independent building society with roots dating back to 1850. It offers a variety of mortgage packages for residential properties located in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk.
Compare Cambridge Building Society’s mortgage rates
Overall representative example If you borrow £178,000 mortgage over 25 years initially at 4.49% fixed for 60 months reverting to 7.99% variable for term. 60 monthly payments of £988.37 and 240 monthly payments of £1306.89. Total amount payable £373,335.80 includes loan amount, interest of £194,956, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.7% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
What types of mortgages can I get with Cambridge Building Society?
With this mortgage, you can buy a percentage of a property and pay rent on the remainder. It’s po ssible to buy additional percentages of the property as and when you can afford to.
With these products, you can purchase a house while only putting down 5% of its value as a mortgage deposit.
How to apply
You can apply by calling 0345 601 3344, requesting a callback on the lender’s website or visiting a local branch.
What information is needed to apply
You’ll need to provide personal details, employment history and financial information. This will need to be backed up by documents including recent payslips and bank statements.
Eligibility criteria
You’ll need to be at least 18 years old to apply. There is no maximum age limit.
Mortgages are only available in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk.
You’ll won’t be able to borrow more than five times your annual income, subject to other affordability criteria.
Frequently asked questions
Yes, you may incur fees when you receive your mortgage, or when you change or end the terms.
Yes, you can view all your accounts with The Cambridge Building Society via the website or mobile app.
If you have a variable rate mortgage, it’s likely that your interest rate will increase and your minimum monthly payment will change. If this happens, you should receive a letter notifying you of what your new minimum payment will be.
Interest Only repayment options are available for loans of up to a value of £500,000 with a maximum loan to value of 70%. These mortgages are subject to criteria and the suitability of proposed repayment methods, however.
Yes, although if you overpay by more than 10% of your mortgage balance per year, you’ll face an early repayment charge.
You can expect to hear a decision on your mortgage application within two days .
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Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife.
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