Newcastle for Intermediaries has today reduced rates across its Shared Ownership proposition.

Rates have reduced by up to 0.23%.

The Society will now work together with both not-for-profit and for-profit providers.

April saw over 100,000 searches conducted on Knowledge Bank for the first time this year. 

The Society launched its shared ownership range in December 2024.

Rates across the range are down by up to 0.55%.

Two-year fixed rates have reduced by up to 0.47%.

Virgin has also launched new five-year fixed rate product transfer options from 4.04%.

Rates now start from 6.09% with new fee options.

Capital repayments and house price increases will make shared owners on average £29,000 better off as a result of equity growth.