Newbury Building Society has launched a shared ownership variable rate mortgage at 2.99%.
This product, available for purchases in England and Wales up to 95%, comes with a free valuation, has no application fee and no early repayment charge.
The mortgage can be used across England and Wales up to a maximum loan-to-value of 95%.
Roger Knight, lending manager at Newbury Building Society, said: “As a society, we are committed to providing accessible mortgages for those looking to purchase through the shared ownership scheme with a minimum deposit.
“We’re excited to be able to offer this variable mortgage product at a competitive rate and help more people across England and Wales take their first step onto the property ladder.”