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Mortgage Schemes

We provide all sorts of mortgages

 

Mortgage Schemes

Shared Ownership

Product Initial Interest
Rate
Period Max
LTV
Fees
Shared Ownership 3 Year Discount with 25% deposit 2.69% Variable (Our SVR with a 1.51% discount) 3 Years 75% Purchase: £600

A mortgage of £50,000 payable over 35 years initially on our standard variable rate, currently 4.2% with a discount of 1.51% for 36 months giving a current rate payable of 2.69% and then on our standard variable rate, currently 4.2% for the remaining 32 years would require 36 monthly payments of £183.88 and 384 monthly payments of £224.20 plus one initial interest payment of £11.05.

The total amount payable would be £93,438.53 made up of the loan amount plus interest of £42,723.53, an application fee of £600 and a MEAF of £115.


The overall cost for comparison is 4.1% APRC representative.

Shared Ownership 3 Year Discount with 20% deposit - Remortgage Only 3.64% Variable (Our SVR with a 0.56% discount) 3 Years 80%
Remortgage: £200

A mortgage of £104,500 payable over 25 years initially on our standard variable rate, currently 4.2% with a discount of 0.56% for 36 months giving a current rate payable of 3.64% and then on our standard variable rate, currently 4.2% for the remaining 22 years would require 36 monthly payments of £531.03 and 264 monthly payments of £559.89 plus one initial interest payment of £114.64.

The total amount payable would be £167,357.68 made up of the loan amount plus interest of £62,542.68, an application fee of £200 and a MEAF of £115.

The overall cost for comparison is 4.2% APRC representative.

Shared Ownership Variable with 5% deposit - Remortgage Only 4.7% Variable (Our SVR plus 0.50%) Term 95%
Remortgage: £200

A mortgage of £111,600 payable over 30 years on our standard variable rate, currently 4.2% plus 0.50% giving a current rate of 4.7% for the mortgage term of 30 years would require 360 monthly payments of £578.80 plus one initial interest payment of £330.52.

The total amount payable would be £209,013.52 made up of the loan amount plus interest of £97,098.52, an application fee of £200 and a MEAF of £115.

The overall cost for comparison is 4.8% APRC representative.

Shared Ownership Variable with 10% deposit - Remortgage Only 4.2% Variable (Our SVR) Term 90%
Remortgage: £200

A mortgage of £134,966 payable over 30 years on our standard variable rate, currently 4.2% for the mortgage term of 30 years would require 360 monthly payments of £660.01 plus one initial interest payment of £201.89.

The total amount payable would be £238,120.49 made up of the loan amount plus interest of £102,839.49, an application fee of £200 and a MEAF of £115.

The overall cost for comparison is 4.3% APRC representative.

Shared Ownership 3 Year Discount with 5% deposit 3.34% Variable (Our SVR with a 0.86% discount) 3 Years 95%
No upfront fees

A mortgage of £90,000 payable over 25 years initially on our standard variable rate, currently 4.2% with a discount of 0.86% for 36 months giving a current rate payable of 3.34% and then on our standard variable rate, currently 4.2% for the remaining 22 years would require 36 monthly payments of £442.88 and 264 monthly payments of £480.62 plus one initial interest payment of £172.95.

The total amount payable would be £143,115.31 made up of the loan amount plus interest of £53,000.31 and a MEAF of £115.

The overall cost for comparison is 4.1% APRC representative.

Shared Ownership 3 Year Discount with 10% deposit 3.14% Variable (Our SVR with a 1.06% discount) 3 Years 90%
No upfront fees

A mortgage of £95,400 payable over 30 years initially on our standard variable rate, currently 4.2% with a discount of 1.06% for 36 months giving a current rate payable of 3.14% and then on our standard variable rate, currently 4.2% for the remaining 27 years would require 36 monthly payments of £409.45 and 324 monthly payments of £461.64 plus one initial interest payment of £139.52.

The total amount payable would be £164,566.08 made up of the loan amount plus interest of £69,051.08 and a MEAF of £115.

The overall cost for comparison is 4% APRC representative.

Help to Buy fixed rate until 27 May 2020 - 75% LTV 2.59% Fixed Fixed until 27/5/2020 75% Purchase: £300
Remortgage: £550
Booking Fee: £300

A mortgage of £409,000 payable over 24 years initially on a fixed rate for 2 years and 5 months at 2.59% and then on our standard variable rate, currently 4.2% for the remaining 21 years and 7 months would require 29 monthly payments of £1,908.44 and 259 monthly payments of £2,223.94 plus one initial interest payment of £435.33.

The total amount payable would be £632,495.55 made up of the loan amount plus interest of £222,780.55, an application fee of £300, a booking fee of £300 and a MEAF of £115.

The overall cost for comparison is 3.9% APRC representative.

 

Help to Buy fixed rate until 27 May 2022 - 75% LTV 3.19% Fixed Fixed until 27/5/2022 75% Purchase: £300
Remortgage: £550
Booking Fee: £300

A mortgage of £100,000 payable over 30 years initially on a fixed rate for 5 years at 3.19% and then on our standard variable rate, currently 4.2% for the remaining 25 years would require 60 monthly payments of £431.92 and 300 monthly payments of £480.80 plus one initial interest payment of £227.23.

The total amount payable would be £171,097.43 made up of the loan amount plus interest of £70,382.43 an application fee of £300, a booking fee of £300 and a MEAF of £115.


The overall cost for comparison is 4.0% APRC representative.


Shared Equity

Product Initial Interest
Rate
Period Max
LTV
Fees
Shared Equity 3 Year Variable 2.54% Variable (Our SVR with a 1.66% discount) 3 Years 75% Purchase: £500
Valuation fee applies

A mortgage of £155,250 payable over 35 years initially on our standard variable rate, currently 4.2% with a discount of 1.66% for 36 months giving a current rate payable of 2.54% and then on our standard variable rate, currently 4.2% for the remaining 32 years would require 36 monthly payments of £561.13 and 384 monthly payments of £698.49 plus one initial interest payment of £162.86.

The total amount payable would be £288,698.70 made up of the loan amount plus interest of £132,558.70, an application fee of £500, a valuation fee of £275 and a MEAF of £115.

The overall cost for comparison is 4% APRC representative.

Shared Equity Variable 4.2% Variable (Our SVR) Term 75% Purchase: £500
Valuation fee applies

A mortgage of £155,250 payable over 35 years on our standard variable rate, currently 4.2% for the mortgage term of 35 years would require 420 monthly payments of £708.43 plus one initial interest payment of £268.83.

The total amount payable would be £298,199.43 made up of the loan amount plus interest of £142,059.43, an application fee of £500, a valuation fee of £275 and a MEAF of £115.

The overall cost for comparison is 4.3% APRC representative.

Help to Buy 3 Year Discount up to 75% 1.94% Variable (Our SVR with a 2.26% discount) 3 Years 75% Purchase: £500
Remortgage: £750
Valuation fee applies for properties valued at over £1m.

A mortgage of £253,496 payable over 29 years initially on our standard variable rate, currently 4.2% with a discount of 2.26% for 36 months giving a current rate payable of 1.94% and then on our standard variable rate, currently 4.2% for the remaining 26 years would require 36 monthly payments of £954.91 and 312 monthly payments of £1,232.92 plus one initial interest payment of £148.50.

The total amount payable would be £419,311.30 made up of the loan amount plus interest of £165,200.30, an application fee of £500 and a MEAF of £115.

The overall cost for comparison is 3.8% APRC representative.

Help to Buy 2.59% Fixed until 30 January 2020 2.59% Fixed Fixed until 30/1/2020 75% Purchase: £300
Remortgage: £550
Booking Fee: £300

A mortgage of £50,000 payable over 10 years initially on a fixed rate for 3 years and 1 month at 2.59% and then on our standard variable rate, currently 4.2% for the remaining 6 years and 11 months would require 37 monthly payments of £476.24 and 83 monthly payments of £502.98 plus one initial interest payment of £35.69.

The total amount payable would be £59,845.65 made up of the loan amount plus interest of £9,130.65, an application fee of £300, a booking fee of £300 and a MEAF of £115.


The overall cost for comparison is 3.7% APRC representative.

 

Help to Buy 3.19% Fixed until 27 January 2022 up to 75% 3.19% Fixed Fixed until 27/1/2022 75% Purchase: £300
Remortgage: £550
Booking Fee: £300

A mortgage of £100,000 payable over 30 years initially on a fixed rate for 5 years at 3.19% and then on our standard variable rate, currently 4.2% for the remaining 25 years would require 60 monthly payments of £431.92 and 300 monthly payments of £480.80 plus one initial interest payment of £227.23.

The total amount payable would be £171,097.43 made up of the loan amount plus interest of £70,382.43 an application fee of £300, a booking fee of £300 and a MEAF of £115.


The overall cost for comparison is 4.0% APRC representative.


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Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). Registered office: Newbury Building Society, 17 Bartholomew Street, Newbury, Berkshire, RG14 5LY.

English law applies and we will communicate with you in English. We are participants of the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service.

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