The Skipton Building Society is launching a pair of new 90% shared ownership products.
The new deals, which are available for purchase and remortgage customers, includes a fee free two-year fix at 3.65%.
It is also making changes to its residential and buy-to-let fixed rate range with rate reductions of up 0.34 percentage points on selected products.
Other rates include the follows:
- Residential five-year fixed rate, 90% LTV, £995 fee, 3.39% available for purchase and remortgage customers
- Buy-to-let two-year fixed rate, 70% LTV, £995 fee, 1.81% available for purchase and remortgage customers
These are available direct from Skipton or through intermediaries.
Alex Beavis (pictured), Skipton’s head of mortgages, said: “We’re delighted to launch new shared ownership products for homebuyers with a 10% deposit. shared ownership can often provide first time buyers with a more affordable opportunity to purchase a share in a new build or resale property.
“Skipton also continues to add value to its residential mortgage range with interest rate reductions on a selected products across the range.
“After 167 years of helping people get a home of their own, Skipton’s clear message continues to be that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale.”