Newbury cuts product rate

Ryan Bembridge

February 1, 2018

Newbury Building Society has cut its 3-year discount ‘made to measure’ product from 2.70% to 2.20% to 75% loan-to-value.

The product can be tailored for the self-employed, those who recently changed their employment status, or people interested in unusual properties and renovation projects.

It can also be used by those looking to move into buy-to-let.

Roger Knight, lending manager at Newbury Building Society, said: “The Society has a good reputation for helping credit worthy borrowers who do not tick all the boxes with other high street lenders – even if the case is straightforward.

“Our ‘made to measure’ product takes into account personal circumstances, and all cases are individually assessed.

“This is because we understand one size does not fit all, so a degree of flexibility in today’s modern market is needed.”

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