Virgin has also launched new five-year fixed rate product transfer options from 4.04%.

Rates now start from 6.09% with new fee options.

Capital repayments and house price increases will make shared owners on average £29,000 better off as a result of equity growth.

The relaunch follows feedback from brokers, who said their clients were looking for a no product fee option and a range of term lengths.

Ashley Pearson, head of Intermediaries at Loughborough Building Society, explores whether an increase in affordable homes and new shared ownership solutions could offer new...

Fix and Switch allows borrowers to switch to another product with no early repayment charge after two years.

Two in five applicants for shared ownership properties experience mortgage rejection.

In the New Year, the Council will also be looking to launch a Code for lenders and mortgage intermediaries.

Furness Building Society has announced the launch of a range of shared ownership mortgage products for buyers in England 

From tomorrow (18th October 2024) the Leicestershire-based lender will offer a new shared ownership product to boost home ownership in its heartland.