- Newbury Building Society has improved its shared ownership mortgage offering by launching a new variable rate product at 2.99%. The product is available for purchases up to 95%. This product comes with a free valuation, has no application fee and also no early repayment charge (ERC). This means there are no up-front costs to pay, and it also gives the buyer the freedom to leave the mortgage whenever they like without being charged an ERC – a bonus for those looking for flexibility.

The mortgage can be used across England and Wales up to a maximum loan value of 95%. This makes the product hugely accessible for a range of purchasers looking for a specific Shared Ownership mortgaging, including new builds, flats and houses.

- Landbay, the specialist buy-to-let mortgage lender, is today announcing that it is extending its lending criteria to now include first time landlords who do not currently own a residential property.

First time buyers will now be able to apply for a buy-to-let mortgage from Landbay if they are employed and earning a minimum income of £85,000.

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