Following the launch of two 3-year fixed rate Shared Ownership products in September, Newbury Building Society has launched two 2-year Shared Ownership fixed rate products.
One is a 2-year fixed rate to 85% loan-to-value (LTV) at 6.14%, and the second is a 2-year fixed up to 95% LTV at 6.24%.
Both products are application and booking fee free, and are available across England and Wales.
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.”
He added: “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.”
