Mortgages

Newbury BS launches new Shared Ownership products

The new range is aimed at borrowers with a 15% deposit and includes a fixed and variable rate.

Rozi Jones
|
12th February 2019
Roger Knight Newbury
"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.”

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