Cambridge Building Society has launched a new shared ownership range for first-time buyers and sweetened its criteria.
The new 95 per cent range is:
- Two-year fixed rate at 3.59 per cent
- Two-year discount at 3.39 per cent
Both loans are also available at 80 per cent LTV at 2.24 per cent and 2.14 per cent, respectively.
The lender has also launched a five-year fixed rate at 2.49 per cent up to 80 per cent LTV.
All options have a £199 fee.
Lending on up to 95 per cent of the share of the house or flat being purchased will be considered.
There is no requirement to have 100 per cent staircasing within the lease.