NEWBURY BS CUTS RATES ON SHARED OWNERSHIP PRODUCTS

Newbury Building Society has made further changes to its Shared Ownership offering by reducing the rates of its 3 and 5 year fixed mortgage products.

·         Shared Ownership 3 year fixed at 3.79% (down from 3.99%) – 95% LTV

·         Shared Ownership 5 year fixed at 4.69% (down from 4.79%) – 95% LTV

Both fixed rate products are designed for those who have at least a 5% deposit of the share they are buying and can be used to purchase new build properties; flats and houses, and are application fee free. 

The reductions follow the launch of its new 2 year fixed Shared Ownership mortgage product.

Roger Knight, Lending Manager at Newbury Building Society said: “Once again we have demonstrated our commitment in helping people looking to purchase in England and Wales buy their homes. By providing the right products at the right time, we hope to continue helping intermediaries make their client’s dream a reality.”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: