The Cambridge Building Society is introducing new two-year fixed and two-year discounted re-mortgage-only products to all intermediaries and direct customers tomorrow (29 January).

Rates start at 2.29% at 80% LTV and both products offer free basic legal and valuation fees as well as a £99 application fee.

The interest rate has also been reduced by 0.20 percentage points on its five-year fixed rate buy-to-let product, taking it to 4.49% at 75% LTV.

The mutual’s two-year fixed rate buy-to-let product (3.64% at 75% LTV) which was initially launched for Cambridge Select and Direct customers only is now available to all intermediaries. Its maximum loan size has increased from £250,000 to £500,000.

Andy Lucas, commercial director at The Cambridge, said: “These two new products have been added to our current range to ensure that we have equally competitive options for those looking to re-mortgage.

“We have also made improvements to our buy-to-let range to offer our customers even better value.”