"We are delighted that our Shared Ownership mortgage book now boasts of nine strong purchase-only mortgage products"
Newbury Building Society has launched two new Shared Ownership products at 85% LTV.
A three-year fixed rate is available at 3.19% with no application fee and a three-year discounted variable rate is on offer at 2.44%.
The products can be used to purchase new build properties; both houses and flats.
Roger Knight, lending manager at Newbury Building Society, said: “We are delighted that our Shared Ownership mortgage book now boasts of nine strong purchase-only mortgage products, available to those looking to purchase using the government’s part-rent-part-buy scheme.
"Today’s launch is aimed specifically at those who have a minimum of 15% of a deposit available with the choice of fixing for a number of years or borrowing on the variable.”