Related topic: Shared ownership

Fix and Switch allows borrowers to switch to another product with no early repayment charge after two years.

Two in five applicants for shared ownership properties experience mortgage rejection.

In the New Year, the Council will also be looking to launch a Code for lenders and mortgage intermediaries.

Furness Building Society has announced the launch of a range of shared ownership mortgage products for buyers in England 

From tomorrow (18th October 2024) the Leicestershire-based lender will offer a new shared ownership product to boost home ownership in its heartland.

The society will look at each case on an individual basis by the in-house underwriting team, meaning no credit scoring.

Residential fixed rates now start from 3.94%.

Rates have reduced across the Society's product ranges by up to 0.65%.

The Society has reduced rates across its range by up to 0.30%.

The lender says the rate cuts target 'just off the high street' customers.