Loughborough BS to offer shared ownership remortgage range

Michael Lloyd

September 16, 2019

Loughborough Building Society has set to offer a range of shared ownership remortgage products.

Providing the property was originally purchased after 2015 and is situated in England or Wales, the products are available for remortgage up to 90% and purchase up to 95% of the share value.

Rates start from 2.49% as a 2-year discount with free valuation and no arrangement fee.

Ashley Pearson, business development manager at Loughborough BS, said: “Shared ownership is going from strength to strength with people seeing it as an affordable way to get on to the housing ladder.

“We’ve been asked by brokers when we will add remortgage business so I’m thrilled that we can now offer this lending solution.”

This comes after the society launched a range of shared ownership products in April last year.

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