It also reduced rates on two products
Newbury Building Society has launched new fixed rate products and repriced a couple of fixed rates.
The mutual has added to its range of residential mortgages a 5.59% two-year fixed rate at 75% loan-to-value (LTV).
It has also introduced new three-year fixes with rates of 5.79% at 85% LTV and 5.99% at 90% LTV, and a new three-year First Homes product at 65% LTV.
In addition, the lender has reduced rates on its 75% LTV three-year fix from 5.59% to 5.29% and on its 75% LTV five-year fix from 5.39% to 4.99%.
The products are application and fee free, and available across England and Wales.
“I am thrilled to add this range of new and reduced fixed rate mortgage products to our roster,” commented Roger Knight (pictured), lending manager at Newbury Building Society. “It is even better to see a five-year fixed rate beginning with a 4% again.
“These products can be used in a range of circumstances, including, but not limited to, first-time buyers searching for their first step onto the ladder, those looking for lending up to the age of 90, and remortgaging, including capital raising and ‘like for like’. We look forward to helping more prospective buyers find the right mortgage for them.”
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