Newbury BS announces series of rate reductions and product enhancements 

Newbury Building Society has announced a series of rate reductions and product enhancements across its mortgage range, providing brokers with greater choice and flexibility for residential, shared ownership and buy-to-let clients.

The changes include lower fixed rates, enhanced discounted products, new options for existing borrowers and fee-free remortgage solutions on many applications.

The lender has refreshed its residential offering with improvements to its discounted and fixed rate products up to 75% LTV, including new tailored discount options for purchase and remortgage customers. Existing borrowers will also benefit from reduced fixed rates and the introduction of a new two-year fixed rate product. 

For shared ownership, rates have been reduced across 90% and 95% loan-to-share products, while existing borrowers now have access to an improved selection of fixed and discounted products.

Newbury has also strengthened its buy-to-let proposition for individual borrowers, enhancing discounted variable rates across its three and five-year discount products. 

Karen Smith (pictured), head of intermediary sales at Newbury Building Society, said: "These latest product changes show our commitment to supporting brokers and their clients with flexible products and a lending approach that takes the whole story into account. We're pleased to be reducing rates across a number of our key products while also introducing additional options that provide greater choice and value.

"At the heart of everything we do is a common-sense, flexible approach to lending. We know clients don't always fit neatly into a box, and our experienced team works closely with brokers to understand individual circumstances and find solutions that work. As market conditions continue to evolve, we're focused on helping brokers make the most of every opportunity with products and service they can rely on."