We've enhanced stress rates for all residential mortgage borrowers

We've strengthened support for all residential mortgage borrowers by introducing enhanced stress rates that will allow eligible customers to borrow up to an additional £33,000. 

These improvements apply across the society’s full residential mortgage range, offering a consistent and accessible approach for all owner occupiers, including first time buyers who often face affordability challenges. 

We've updated our residential affordability assessment with the introduction of an enhanced stress test following clarification from the Financial Conduct Authority on how lenders may apply affordability stress rates. 

Kathy Bowes, Intermediary Manager, at The Cambridge, said: 

“Affordability remains a significant challenge for many, and these improvements demonstrate our committed to help customers achieve their goals. These changes ensure we can still offer responsible levels of borrowing while continuing to provide the personalised support our members expect from The Cambridge.” 

To discuss a product or talk through a case, call 0345 601 2744 or email the intermediary team at intermediary@cambridgebs.co.uk.