According to the lender, their Help to Buy 3-year fixed is now at 2.74% - 85% LTV (down from 2.99%). The product also allows for overpayments and the Society will pay one standard valuation fee.
The Society is one of only a handful of lenders which offers a Help to Buy remortgage product to borrowers looking to keep some or their entire loan.
Roger Knight, Lending Manager at Newbury Building Society: “The Help to Buy remortgage market is yet to reach maturity, with very few remortgage products available to Help to Buy borrowers, especially those looking to staircase. By offering a partial staircase, we release the pressure of having to remortgage away from the scheme in its entirety; a welcome reprieve for those who are unable to repay the government loan in its entirety. By doing so, we hope to continue assisting customers achieve their homeownership ambition.”
