The Cambridge has relaunched a selection of fixed rate mortgage products, including interest-only options for homebuyers and homeowners.

The range includes two-year and five-year fixed rate interest-only products available up to 70% loan-to-value, priced at 5.44% and 5.54% respectively.

A repayment version of the two-year fixed rate product is also available up to 80% LTV.

The Cambridge said the relaunch was intended to give borrowers more choice and certainty, including those buying a home, remortgaging or seeking greater flexibility in how they borrow.

Dan Barker, product and propositions manager at The Cambridge, said: “We know that choosing the right mortgage can feel like a big decision, especially when people are balancing rising household costs and planning for the future.

“By relaunching these fixed rate products, we want to give customers more choice, more certainty and the confidence to take their next step, whether they are buying a home, remortgaging or looking for greater flexibility in how they borrow.”

The lender said the relaunch reflected its focus on helping customers find mortgage options suited to their needs in a changing market.