Newbury Building Society has launched two Shared Ownership fixed rate products, effective today (13th October).
The lender launched two 2-year fixed rates, one available up to 85% loan-to-value (LTV), at 6.14%, and the second available up to 95% LTV at 6.24%.
The products are available across England and Wales, have no application or booking fees, include and free valuation, and allow overpayments.
Roger Knight, lending manager at Newbury Building Society, said: “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.”
Newbury Building Society also extended the lending area on its 65% LTV 3-year First Homes fixed rate product to cover the whole of England.
