fbpx

Newbury cuts rates on shared ownership products up to 95% LTV

Jake Carter

March 30, 2021

Newbury Building Society has reduced the rates on its 95% loan-to-value (LTV) shared ownership range.

The society has also cut rates on its range of standard residential 60% and 75% LTV mortgage products, as well as removing its booking fee from shared ownership fixed-rate products.

Notable reductions within the shared ownership range include the 95% LTV 3-year fix, cut from 4.29% to 3.99%.

The 95% LTV 5-year fix has also been reduced, from 4.59% to 4.29%.

Additionally, the GoGreen further advance 60% LTV 5-year discount has been cut from 1.69% to 1.49%, and the 75% LTV 5-year discount has been decreased from 1.79% to 1.49%.

The society’s 75% LTV 3-year fix has been reduced, from 2.69% to 2.24%, and the 75% LTV 5-year fix from 2.89% to 2.49%.

Roger Knight, lending manager at Newbury Building Society, said: “We want to offer products which give prospective and existing borrowers the greatest chance to fulfil their homeownership ambitions.

“We believe the decision to reduce a number of our products does just that as we continue to listen to brokers and their clients to ensure we provide the financial products they need.”


Sign up to our daily email