Newbury Building Society has reduced its Made to Measure three year discount mortgage product by 0.50% to a new variable rate of 2.20%.
The society’s ‘Made to Measure’ product can be tailored to fit those who may need something a little different to find their ideal mortgage match.
For example, customers who are self-employed or undergone a change to employment status, interested in unusual properties and renovation projects, or looking to move into the buy-to-let market (including ex-pat and limited companies).
Roger Knight, lending manager at Newbury Building Society, said: “The society has a good reputation for helping credit worthy borrowers who do not tick all the boxes with other high street lenders – even if the case is straightforward.
“Our ‘Made to Measure’ product takes into account personal circumstances, and all cases are individually assessed. This is because we understand one size does not fit all, so a degree of flexibility in today’s modern market is needed.”
The maximum loan to value currently stands at 75%, which means that borrowers need to have at least a 25% deposit.
