Available to all registered intermediaries, the new products are available for self-employed borrowers with just one year’s accounts include a two-year discount at 3.24% and a two-year fix at 3.99%.
The two-year fixed ‘Home Solutions’ mortgage is available at 5.99% and is designed to support borrowers with missed payments.
Dan Barker, Product Manager for The Cambridge, said: “We’ve always supported those who are self-employed through our standard product range, but these new products will make home ownership an option for even more people. Making the decision to choose an alternative employment route often comes with all sorts of challenges, but we don’t believe getting a mortgage should be one of them.”
Kathy Bowes, Intermediary Manager, commented: “The reprice of our Home Solutions mortgage comes with an increased maximum LTV and loan size making it a suitable option for more intermediaries with clients who don’t quite meet standard criteria. My team are ready to talk to intermediaries about cases where there are missed secured and unsecured payments. With our manual underwriting policy we’re able to look each set of circumstances on an individual basis and help partners support even more borrowers in our lending area.”
