The products are both application and booking fee free
Newbury Building Society has launched a couple of new two-year shared ownership fixed rate products.
The first is a two-year fix at 85% loan-to-value (LTV) of share with a rate of 6.14%, while the second is at 95% LTV of share with a rate of 6.24%.
The products are both application and booking fee free and are available across England and Wales.
“These new shared ownership products build on the recent introduction of fixed rate 85% LTS shared ownership products in the last month,” Roger Knight (pictured), lending manager at Newbury Building Society, stated. “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.”
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