The Cambridge Building Society has removed application fees from all its mortgage products to simplify the process for customers and brokers.
These fees, previously non-refundable and required upfront, have been eliminated across all residential and buy-to-let (BTL) products.
Now, only a completion fee is necessary, which borrowers can pay on completion or add to the loan.
This change is effective immediately.
Additionally, the Cambridge increased the maximum loan size for standard BTL, expat, and holiday let products from £750,000 to £1m, offering more options to customers.
Dan Barker (pictured), product and propositions manager, said: “We have been reviewing our fees and listening to feedback from intermediaries.
“Removing the upfront application fees should make things smoother and easier for both our customers and intermediaries placing cases with The Cambridge.”
