The reductions have been made to its 95% LTV fixed rate Shared Ownership range.
Newbury Building Society has reduced the rates of its 95% LTV fixed rate Shared Ownership mortgage products.
Rates for both the 2-year and 3-year fixed products have been cut from 3.79% to 3.39%, whilst the 5-year fix saw its rate drop from 4.69% to 3.79%.
Roger Knight, lending manager at Newbury Building Society, said: “As the Shared Ownership mortgage market grows, we are constantly looking for ways to enhance and develop our mortgage products in response to the needs of borrowers.
“We believe the reductions to our 95% fixed rate mortgage products will help those who have smaller deposits fulfil their homeownership ambitions.”
