The Cambridge Building Society has increasing the maximum loan size on its 4.89%, two-year fixed rate buy-to-let mortgage.

The deal is now available to intermediaries whose clients are looking to borrow between £250,001 and £500,000 and who require up to a 70% LTV mortgage in the wider East Anglia area.

The product comes with 1% fee, payable upfront or on completion.

Mark Smitheringale, head of sales and marketing, said: “This product change is opening up our extremely successful two year fixed rate offer to buy-to-let loans up to £500