Furness BS launches shared ownership range, NatWest trims rates Mortgage Strategy

Img

Furness Building Society has launched a new range of shared ownership mortgages, while NatWest trims home loans and remortgages.

The mutual’s products, available across England and Wales, include options starting at 4.65% for two-year fixed products and 4.48% for five-year fixes. All loans in the range come with £250 cashback.

Other features include:

  • Lending up to 95% loan-to-share on new-build homes, including flats.
  • 5% builder incentives accepted, with more options for buyers of new-build properties
  • Improved affordability assessments for energy-efficient homes, with an increased loan size of up to £24,000.
  • Upfront case reviews for non-standard applications

Meanwhile, NatWest has trimmed prices across a range of residential purchase and remortgage home loans by up to 4 basis points.

Highlights include:

  • Five-year purchase fixes down by 4bps to 4.29%, with no product fee
  • Five-year remortgage fixes down by 3bps to 4.13%, with a £995 product fee and £250 cashback

More From Life Style