Help to Buy fixed rate until 29 August 2028

  • Initial rate:

    4.54% fixed until 29 August 2028

  • APRC:

    5.8%

  • Product fees:

    £850 remortgage

  • Maximum LTV:

    75%

  • Early repayment charge:

    Yes

  • Free valuation
  • Overpayments allowed
  • Portable

Your home may be repossessed if you do not keep up repayments on your mortgage.

Interest rates:

  • 4.54% fixed until 29 August 2028
  • After 29 August 2028: 6.15% variable (Standard variable rate)
  • For comparison purposes: 5.8% APR

Maximum LTV:

  • 75%

Fees:

  • Remortgage application fee: £850
  • Mortgage exit administration fee (MEAF): £100

Loan size:

  • £50,000 (min) - £1,000,000(max)

Features:

  • Newbury Building Society will pay the first £700 of the standard mortgage valuation (this will cover properties valued up to £1,000,000).

Early repayment charge:

During 3 year deal:

  • Year 1 - 3% of loan amount
  • Year 2 – 2% of loan amount
  • Year 3 – 1% of loan amount

Overpayments:

During 3 year deal:

  • 10% of loan amount can be paid per year, without charge. 

Representative example:

A mortgage of £375,850.00 (including an application fee of £850) payable over 22 years initially on a fixed rate for 3 years at 4.54% and then on our standard variable rate, currently 6.15% for the remaining 19 years would require 36 monthly payments of £2,253.57 and 228 monthly payments of £2,560.44.

The total amount payable would be £665,008.84 made up of the loan amount plus interest of £289,058.84 and a MEAF of £100.

The overall cost for comparison is 5.8% APRC representative.

Who’s eligible to apply?

  • Available to those remortgaging a Help to buy property to Newbury Building Society from another lender.
  • Property must be located in England or Wales (some London restrictions apply)

Fees:

  • Application fees can be added to the mortgage and are refundable if the mortgage does not take place. 
  • We will pay the first £700 of the standard mortgage valuation (this will cover properies valued up to £1,000,000). If your valuation fee is more than £700, you are responsible for paying the difference.
  • A mortgage exit administration fee (MEAF) applies when you repay your mortgage. You may have to pay this if:
    Your mortgage term comes to an end;
    You transfer the loan to another lender; or
    You transfer borrowing from one property to another.

Other charges:

  • Charges applying to the ongoing administration of your mortgage are detailed in our Tariff of Charges leaflet, which you will be given before your mortgage completes. They can also be found on our website. 

Portability:

  • All our mortgages are portable, which means that if you move house within an early repayment charge period the product can be transferred to your new mortgage, up to the value of the product outstanding at redemption, without charge.