Newbury Building Society have a broker update. The announcement is detailed below. Contact us to see how we help brokers like you across the UK.
View their latest products here or visit the Newbury Building Society website.
Announcement:
Shop Newbury Building Society’s Shared Ownership Sale
Newbury Building Society have reduced the rates on their 95% LTV Shared Ownership fixed rate products to assist customers getting on to the property ladder.
- Shared Ownership 2-year fixed at 5.49% (down from 5.69%)
- Shared Ownership 3-year fixed at 5.29% (down from 5.49%)
- Shared Ownership 5-year fixed at 4.99% (down from 5.25%)
The fixed rate products can be used to purchase new build houses and flats with a deposit of only 5% of the share being purchased. In addition, the products remain application fee free and also have a free valuation.
See all Shared Ownership products on Newbury’s website here>>
Roger Knight, Lending Manager at Newbury Building Society: “As Shared Ownership mortgage customers are looking for the reassurance of a fixed rate mortgage, we are constantly looking for ways to enhance and develop our mortgage products in response to the needs of borrowers. We believe the reductions to our 95% fixed rate mortgage products will help those who have smaller deposits fulfil their home ownership ambitions.”
DON’T FORGET:
- Our instant chat service is available from Monday to Friday, 9am-5pm
- No credit scoring – all cases are assessed on their individual merit
- Tailored, individual underwriting
- All types of incomes and a range of currencies considered.
Why not contact the Newbury’s Intermediary team to discuss your requirements and find out more today? If you wish to opt-in to our email updates you can do that here.