Loughborough BS unveils new shared ownership products

Jessica Nangle

October 8, 2019

Loughborough Building Society has unveiled three new shared ownership products for purchase or remortgage.

Included in the range are a 2-year fixed rate at 3.19% and a 3-year fixed at 3.59%.

There is also a 5-year fixed product at 3.94%.

Ashley Pearson, business development manager at Loughborough Building Society, said: “We’ve seen significant growth in the shared ownership sector with more people seeing it as an affordable way to get onto the housing ladder.

“I personally am a huge advocate of shared ownership having purchased my first property on the scheme.

“I’m thrilled to also be able to offer our first ever 5-year fixed shared ownership product”.

All products are available at 95% LTV for purchase or 90% LTV for remortgage and come with no completion fees, free valuation and £250 cashback.

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