Newbury cuts shared ownership and HTB rates
Newbury Building Society has reduced mortgage rates on products in its shared ownership and Help to Buy ranges.
Notable cuts include the 95% LTV 2-year fix cut from 3.39% to 2.99%, and the 95% LTV 3-year fix reduced from 3.39% to 2.99%.
The 95% LTV 5-year fix has been slashed from 3.79% to 3.39%, and the 95% LTV 3-year discount product has been cut from 2.99% to 2.59%.
The above four deals are all within the lender’s shared ownership range.
In addition, the building society has reduced rates on the 75% LTV 3-year fix from 1.99% to 1.89%. This offering is within the HTB range.
All of the products are available to borrowers in England and Wales.
Roger Knight, lending manager at Newbury Building Society, said: “We are constantly looking to improve our product offering for those looking to purchase using an affordable housing scheme.
“We take pride in talking and listening to both customers and brokers to help ensure we respond to market demands appropriately.
“We believe these reductions will further help those with a smaller deposit step onto the property ladder and fulfil their homeownership aspirations.”