Newbury BS launches new shared ownership products
The Society has reduced rates for both 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"
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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn