Are you torn between renovating your current home and moving to a new property? We've broken down the pros and cons for you.
We are currently only accepting new mortgage applications up to 75% loan to value (size of mortgage in relation to the value of the property.) Existing borrowers looking to transfer their existing mortgage can do so at a higher loan to value, subject to product terms and conditions.
Maximum loan to share for Shared Ownership mortgages remains at 95%.
Please contact us for further information.
Remortgaging is when you pay off your existing mortgage and switch to another lender. It can be a standard switch, or, you may have the possibility of borrowing a little extra.
You may want to move your mortgage to Newbury Building Society to:
- Reduce your monthly repayments,
- Reduce the term of your mortgage, or
- Release some of the equity in your home to put towards home improvements or to raise capital for another purpose.
- Remortgage your Help to Buy from your existing lender to Newbury Building Society
Whatever the reason, a standard remortgage can be completed simply, meaning you could start benefitting from your new mortgage sooner than you thought.
Great service, great rates - the small but perfectly formed Newbury Building Society. I have been a happy customer for over 15 years. I previously held my mortgage with a large multinational supplier but haven't looked back since switching to Newbury Building Society. They offer great customer service and have a good product range.
Our helpful guide to remortgaging explains the process and options available.
Appointments are available by video call, by phone or in branch. We have Saturday appointments available and can also offer same day appointments. See our making a mortgage appointment page for further details or click contact now.