Newbury BS cuts shared ownership rates by up to 0.90%

Newbury Building Society has reduced rates on its 95% LTV fixed rate shared ownership range by up to 90bps.

Related topics:  Mortgages
Rozi Jones
12th November 2019
Roger Knight Newbury
"The reductions to our 95% fixed rate mortgage products will help those who have smaller deposits fulfil their homeownership ambitions."

Two and three-year shared ownership products have been reduced from 3.79% to 3.39%.

A five-year fixed rate is also available at 3.79%, down from 4.69%, up to 95% LTV.

All products have no application fees.

Roger Knight, lending manager at Newbury Building Society, commented: “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.”

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