Newbury slashes Shared Ownership mortgage rates

Newbury Building Society has reduced the rates of its 95% LTV fixed shared ownership mortgage products to further assist customers taking their first step onto the property ladder.

  • Shared Ownership 2 year fixed at 3.39% (down from 3.79%) – 95% LTV

  • Shared Ownership 3 year fixed at 3.39% (down from 3.79%) – 95% LTV

  • Shared Ownership 5 year fixed at 3.79% (down from 4.69%) – 95% LTV

The fixed rate products can be used to acquire new build houses and flats with a deposit of at least 5% of the share purchased. In addition, the products remain application fee free.

Roger Knight, Lending Manager at Newbury Building Society: “As the Shared Ownership mortgage market grows, we are constantly looking for ways to enhance and develop our mortgage products in response to the needs of borrowers. We believe the reductions to our 95% fixed rate mortgage products will help those who have smaller deposits fulfil their homeownership ambitions.”

If you have any further questions about how we can help your clients, please contact us today. Our helpdesk is open Monday to Friday, 9am – 5pm.

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