Loughborough adds to shared ownership range

Loughborough Building Society has launched a new shared ownership mortgage product.

The new mortgage allows for up to 95 per cent of a share of a property to be purchased at a two-year discounted rate of 2.65 per cent, giving an initial rate of 2.69 per cent.

The maximum loan amount is set at £300,000 and the product comes with no fees.

Loughborough business development manager Ashley Pearson says: “Since the launch of our shared ownership product range in April 2018 we have seen significant levels of interest.

“This further improvement in our rates shows a continued support for this sector. I am really pleased that we are able to offer our growing panel of brokers products that suit their clients.”

This year has seen a series of shared ownership launches from lenders that include Newbury, and Ipswich.

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