Newbury BS launch new Shared Ownership products

The society has announced that it has launched two new two-year Shared Ownership fixed rate products following the launch of 3-year products in September.

Related topics:  Finance,  mortgages,  Newbury BS
Property | Reporter
12th October 2023
FTB 362
"These new Shared Ownership products build on the recent introduction of fixed-rate 85% LTS shared ownership products in the last month"
- Roger Knight - Newbury BS

Newbury Building Society has launched a new Shared Ownership 2-year fixed rate to 85% LTV (of share) at 6.14% and a Shared Ownership 2-year fixed rate of 95% LTV (of share) at 6.24%.

According to the lender, both products are application and booking fee-free and are available across England and Wales.

Roger Knight, Lending Manager at Newbury Building Society commented: “These new Shared Ownership products build on the recent introduction of fixed-rate 85% LTS shared ownership products in the last month. 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.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.