Newbury launches two HTB remortgage products

Newbury Building Society has launched two new Help to Buy remortgage products.

The offerings comprise an 85 per cent LTV three-year fix at 2.99 per cent, and an 85 per cent LTV three-year discount at 2.44 per cent.

Both deals are for remortgage only, allow overpayments, and the society will pay for one standard valuation fee.

Newbury Building Society lending manager Roger Knight says: “There is a lack of options for people remortgaging with the HTB equity loan scheme as highlighted over recent months.

“As a result, we listened and taken into account the need for flexibility; removing the pressure of having to remortgage away from the scheme in its entirety.

“We value feedback from customers and the market alike, and action where we can to ensure people can continue buying their own homes.”

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