Newbury Building Society has cut fixed-rate offers by up to 30 basis points across a range of mortgage products including standard residential, shared ownership, existing borrower and buy-to-let.
Highlights of the mutual’s reductions include:
Standard residential fixed rates for 75% loan to value reduced by up to 30bps:
Three-year fixes fall to 4.64% from 4.89%
Five-year fixes fall to 4.39% from 4.69%
All shared ownership two- and three-year fixes for 85% LTV and 95% LTV reduced by 20bps:
Two-year fixes for 85% LTV fall to 5.09% from 5.29%
Three-year fixes for 95% LTV fall to 5.39% from 5.59%
Existing borrower products — standard residential and shared ownership — reduced by 20bps:
Existing borrower-only three-year fixes for 75% LTV to 4.54% from 4.79%
Shared ownership existing borrower only three-year fixes for 95% LTV to 5.29% from 5.49%
Made to measure, BTL and expat fixes reduced by up to 30bps:
Made to Measure three-year fixes fall by 30bps to 4.99% from 5.29%
BTL Ltd Co five-year fixes fall by 25bps to 5.64% from 5.89%
Expat BTL five-year fixes fall by 65bps to 5.64% from 6.29%
The lender says its products are available throughout England and Wales and cases are handled on an individual basis with no credit scoring.
Newbury Building Society product manager, mortgages, Roger Knight adds: “At the society, we take pride in our reputation as a flexible lender and hope that the reductions we’ve made on some of our limited company buy-to-let, expat, and made to measure products will support borrowers with more complex or unusual mortgage needs.”