"I am thrilled to add this range of new and reduced fixed rate mortgage products to our roster. It is even better to see a five-year fixed rate beginning with a 4% again."
- Roger Knight, Newbury Building Society
Newbury Building Society has launched five new and reduced fixed rate products, starting from 4.99%.
A five-year fixed rate at 75% LTV has reduced from 5.39% to 4.99% and a three-year fix at 75% LTV is down by 30bps to 5.29%.
Among the new products is a two-year fixed rate at 5.59% up to 75% LTV and three-year fixes from 5.79% at 85% LTV and 5.99% at 90% LTV.
The products are application and fee free, and available across England and Wales. In addition, the Society have also introduced a new 3-year First Homes product at 65% LTV.
Roger Knight, lending manager at Newbury Building Society, commented: “I am thrilled to add this range of new and reduced fixed rate mortgage products to our roster. It is even better to see a five-year fixed rate beginning with a 4% again.
"These products can be used in a range of circumstances, including, but not limited to, first-time buyers searching for their first step onto the ladder, those looking for lending up to the age of 90, and remortgaging (including capital raising and ‘like for like’).
"We look forward to helping more prospective buyers find the right mortgage for them.”
