Newbury cuts fixed rates

Ryan Bembridge

November 28, 2017

Newbury Building Society has reduced Help to Buy Equity Loan products for house purchase.

Products include a fixed rate mortgage at 1.74% to 75% loan-to-value with £600 in fees until 27 January 2021.

Another Help to Buy product is a 2.69% 75% LTV fix to 27 January 2023, which has seen a rate cut of 0.3% with £300 in fees.

Phillippa Cardno, operations and sales director at Newbury Building Society said: “We are committed to helping first-time buyers and those looking to get a foot onto the property ladder by offering mortgage products in line with a range of government schemes.

“We’re delighted to be able to offer the 1.74% fixed rate to customers who want to take advantage of the Help to Buy scheme.”

Non-Help to Buy products have also been reduced.

Its fixed rates to January 2021 now stand at 2.99% to 90% LTV and 3.89% to 95% LTV following reductions of 0.76% and 0.56%.

Meanwhile the society’s 75% LTV fix until January 2023 has been cut by 0.3% to 2.69%.

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