The new products include a two-year fixed rate at 75 per cent loan to value (LTV) at 5.59 per cent, three-year fixed rate at 85 per cent at 5.79 per cent and three-year fixed rate at 90 per cent LTV at 5.99 per cent.
The firm has also introduced a three-year First Homes product at 65 per cent LTV.
Its five-year fixed rate at 75 per cent LTV has fallen from 5.39 per cent to 4.99 per cent and its three-year fixed rate at the same LTV has decreased from 5.59 per cent to 5.29 per cent.
Roger Knight, lending manager at Newbury Building Society commented: “I am thrilled to add this range of new and reduced fixed rate mortgage products to our roster. It is even better to see a five-year fixed rate beginning with a four again.
“These products can be used in a range of circumstances, including, but not limited to, first-time buyers searching for their first step onto the ladder, those looking for lending up to the age of 90, and remortgaging (including capital raising and ‘like for like’).
“We look forward to helping more prospective buyers find the right mortgage for them.”
Furness has lowered resi and BTL rates
Furness has reduce rates across most of its residential and buy-to-let product range.
The range of residential products includes a two-year fixed rate at 75 per cent LTV at 5.24 per cent and a two-year fixed rate at 80 per cent LTV is 5.34 per cent.
There is also a five-year fixed rate at 90 per cent LTV is 5.49 per cent.
On the buy-to-let side, two and five-year options are available with pricing beginning from 5.34 per cent.
Alasdair McDonald, head of intermediaries at Furness, said: “We’re delighted to launch our new range of products to brokers across England, Scotland, and Wales.
“With our individual approach to underwriting, we can cater for the straightforward cases as well as those that need a closer look and a personal touch.”
