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Loughborough BS bolsters shared ownership range with remortgage product

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  • 16/09/2019
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Loughborough Building Society has extended its solutions for shared ownership properties to include a remortgage product.

 

The offer added to the society’s existing loans for shared ownership property purchases that have been on the market for more than a year.

“We have been asked by brokers when we will add remortgage business and therefore I’m thrilled the we can now offer this lending solution,” said Ashley Pearson, business development manager at Loughborough BS (pictured).

The remortgage loans are available up to 90 per cent of the share value, with two-year discounted rates starting from 2.49 per cent, free valuation and no arrangement fee.

“The shared ownership market has grown and with it the need to remortgage either to improve terms, pay for housing association-approved improvements or to increase the owned share,” the mutual said.

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