"We’ve been asked by brokers when we’ll add remortgage business so I’m thrilled that we can now offer this lending solution."
The Society has offered shared ownership mortgages for purchase for over a year and will now offer remortgages on a like-for-like basis or to capital raise for home improvements or as a way of purchasing a further share.
Providing the property was originally purchased after 2015, products are now available for remortgage up to 90% with rates starting from 2.49% for a two-year discount with free valuation and no arrangement fee.
Ashley Pearson, BDM, said: "Shared ownership is going from strength to strength with people seeing it as an affordable way to get on to the housing ladder.
"We’ve been asked by brokers when we’ll add remortgage business so I’m thrilled that we can now offer this lending solution."
