Cambridge Building Society Reintroduces Fixed Rate Mortgages

Cambridge Building Society Refreshes Mortgage Range

As of 16th April 2026, The Cambridge Building Society has reintroduced a selection of fixed rate mortgages across its core product range. This move complements its existing discounted variable rate options. The updated range includes two- and five-year fixed rate mortgages, with products available up to 95% loan-to-value (LTV). The society also offers buy-to-let (BTL) and retirement interest only options.

The new rates include a two-year fixed at 90% LTV with a rate of 5.59%, a two-year fixed at 95% LTV with a rate of 5.79% and a two-year fixed BTL with a rate of 5.54%. Additionally, there is a five-year fixed at 90% LTV with a rate of 5.69%, a five-year at 95% LTV with a rate of 5.89%, a five-year first step with a rate of 5.99% and a five-year RIO with a rate of 5.88%.

Impact on First-Time Buyers

Let’s consider a first-time buyer looking to secure a mortgage for a £250,000 property with a 90% LTV. With the new two-year fixed rate of 5.59%, their monthly repayments would be approximately £1,530. This is a significant commitment, but it offers the security of a fixed rate in a fluctuating market.

On the other hand, if the same buyer opts for a five-year fixed rate at 5.69%, their monthly repayments would increase slightly to around £1,560. However, this offers a longer period of stability in terms of monthly repayments.

Effect on Buy-to-Let Landlords

For a landlord with a £200,000 interest-only BTL mortgage, the new two-year fixed rate of 5.54% would result in monthly interest payments of approximately £920. This is an attractive rate for landlords seeking a short-term fixed option for their investment properties.

Market Context

These changes come at a time when the UK base rate stands at 3.75% as of April 2026. The Cambridge’s new rates are higher than the base rate, reflecting the typical premium for fixed rate mortgages. However, these rates offer borrowers the certainty of fixed repayments, which can be a valuable benefit in an uncertain economic climate.

Compared to six months ago, the rates offered by The Cambridge Building Society have increased, reflecting the general upward trend in the mortgage market. However, the reintroduction of fixed rate options provides more choice for borrowers, whether they’re first-time buyers, remortgagers or buy-to-let landlords.