Reliance Bank has reduced rates across its Shared Ownership mortgage range, maintaining a cashback incentive of £850.
Key highlights from this new range include a 2-year fixed up to 90% loan-to-value (LTV) at 4.45% with £995 fee, a 2-year fixed up to 90% LTV at 4.75% with no fees, and a 2-year fixed from 90% to 95% LTV at 5.20% with £995 fee.
In addition, all product end dates have been set to the end of July, and the lender’s cashback offering has now been aligned across Shared Ownership at £850.
Gareth Byrne (pictured), head of mortgages for Reliance Bank Ltd, said: “We have significantly improved our rates to help those using the UK Government’s Shared Ownership Scheme.
“And we continue to offer cash back incentives for those utilising the Shared Ownership mortgage product range. This helps us deliver positive social impact.”
