Newbury Building Society have reduced the rates on their 95% LTV Shared Ownership fixed rate products to assist customers getting on to the property ladder.
Shared Ownership 2-year fixed at 5.49% (down from 5.69%)
Shared Ownership 3-year fixed at 5.29% (down from 5.49%)
Shared Ownership 5-year fixed at 4.99% (down from 5.25%)
The fixed rate products can be used to purchase new build houses and flats with a deposit of at least 5% of the share purchased. In addition, the products remain application fee free and also have a free valuation.
See all our Shared Ownership products here.
Roger Knight, Lending Manager at Newbury Building Society:
“As Shared Ownership mortgage customers are looking for the reassurance of a fixed rate mortgage, 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 home ownership ambitions.”
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