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.”