The Cambridge Building Society has launched an exclusive three-year fixed rate product to members of Legal & General Mortgage Club, Sesame and PMS.

The range which offers up to 90% maximum loan to value (LTV) comes with a £99 application fee and no completion fees as well as free standard valuation and legal fees for remortgage cases.

It is also available to the Cambridge Select group of intermediaries and through its direct channels.

Andy Lucas, commercial director at The Cambridge, said: “We are delighted to offer this three-year fixed through L&G, Sesame and PMS who have highlighted the demand for a low fee fixed rate product.

“The product goes up to 90% LTV which reinforces our ongoing commitment to borrowers who have a small deposit and want a fixed rate product.”

Martyn Smith, head of mortgage products at Legal & General Mortgage Club, added: “Building Societies continue to play an increasingly important role in today’s mortgage market and this new range of three-year fixed rates from The Cambridge, with rates across the LTV spectrum, provides further choice for our members and their customers looking for a good value product with low cost of entry.”