Newcastle for Intermediaries has cut rates across its Shared Ownership products to further support first-time buyer (FTB) or low deposit borrower clients.
The lender’s range now starts at 4.55% fixed until 31st October 2027, available on loans up to 90% loan-to-value (LTV) with a £999 product fee.
The products can be used for house purchase or remortgage and allow borrowers to overpay up to 10% of their balance each year.
Shared Ownership clients can staircase to full ownership in 5% increments.
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “We know how important Shared Ownership products are to brokers working with first-time buyers and those stretching every bit of their affordability, which is why we’ve reduced our rates starting from 4.55%.
“By reducing costs we’re making it easier for brokers to find the right solution for clients who want to put down roots while keeping their monthly outgoings under control.
“These rate reductions, coupled with the recent expansion to our panel of For-Profit partners, underline our commitment to giving brokers the tools they need to deliver great outcomes in today’s market.”
