The Shared Ownership scheme is a cross between buying and renting and allows the purchaser to buy a share in a property usually between 25% - 75% of the purchase price, and then pay rent on the remaining share. Also, you only need to pay a deposit on the part of the property you are buying, making it an affordable option to purchase a home with a lower deposit than if buying outright.
Our video explains what Shared Ownership is and how it could help you onto the property ladder.
Please note: Shared Ownership Mortgages are subject to the Society's lending criteria. Newbury Building Society's minimum age requirement is 21 and for UK residents only.
Best option for shared ownership! Newbury were so good at re-newing our mortgage offer. We had 18 months of delays getting into our new build shared ownership property. They kept our mortgage offer going throughout the delays. They are easy to get hold of and always helpful. They even sent us a moving in box which was so unexpected and made the experience of using them go above and beyond what we expected.
For further information on mortgage appointments see our making a mortgage appointment page for further details.
Appointments with our qualified mortgage advisers can be made on Saturday mornings and can be undertaken by telephone or by videocall.
Appointments are available by video call and phone.Book now
The government website Own Your Home has full details about the Shared Ownership scheme.Visit site
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|Product||Initial rate||APRC||Mortgage fees||Max LTV||Features|
|Existing Borrower Shared Ownership 3 year discount 95% LTV||2.74%discounted||3.6%||£0 None None None||95%|
|Shared Ownership 3 year discount 95% LTV||2.99%discounted||3.8%||£0 None None None||95%|
|Shared Ownership fixed rate until 29 January 2024 95% LTV||3.69%fixed||4.0%||£0 None None None||95%|
|Shared Ownership fixed rate until 29 November 2024 95% LTV||3.69%fixed||4.0%||£0 None None None||95%|
|Shared Ownership fixed rate until 29 November 2026 95% LTV||3.89%fixed||4.0%||£0 None None None||95%|
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