Newbury BS launches new shared ownership products

Newbury Building Society has launched two new two-year fixed rate shared ownership products.

Two-year fixed rates are available from 6.14% at 85% LTV and 6.24% at 95% LTV.

The products are both application and booking fee free and are available across England and Wales.

The new products follow on from the launch of two three-year fixed rate shared ownership products last month.

Roger Knight, lending manager at Newbury Building Society, commented: “These new shared ownership products build on the recent introduction of fixed rate 85% LTS shared ownership products in the last month. Due to the stabilising swap rates, we are able to reduce the rates for new and existing customers.

“Shared ownership continues to be a popular choice for those wanting to secure their first home in a market where rental demand is currently outstripping supply - we hope these two new additional products will help customers.”