Application fees have been removed from all The Cambridge Building Society’s mortgage products.
The previously non-refundable upfront application fee has been removed across residential and BTL products, meaning they now only have a completion fee.
Borrowers can choose to pay the fee on completion or add it to the loan.
These changes come into effect immediately.
The lender has also increased its maximum loan size across all standard BTL, expat, and holiday let products from £750,000 to £1m.
Dan Barker, product and propositions manager at the Cambridge (pictured above), 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."
