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.

The society will look at each case on an individual basis by the in-house underwriting team, meaning no credit scoring.

Residential fixed rates now start from 3.94%.

Rates have reduced across the Society's product ranges by up to 0.65%.

The Society has reduced rates across its range by up to 0.30%.

The lender says the rate cuts target 'just off the high street' customers.

Rates have reduced across the Society's residential, shared ownership and buy-to-let ranges.