Mortgage News
Newcastle BS returns to 85 per cent LTV mortgage lending
Newcastle Building Society is extending its offering with a range of mortgages at 85 per cent loan to value (LTV).
The mutual had previously only been accepting mortgage applications to a maximum of 80 per cent LTV after returning from the lockdown.
The products are available to first-time buyers, home movers and remortgage customers, offer a free standard valuation on properties up to £500,000 and allow 10 per cent overpayments per year.
Deals include a two-year fix at 2.85 per cent with a product fee of £999, while a fee-free version is at 2.99 per cent – both have early repayment charges.
John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We’re pleased to be extending our current offering to 85 per cent LTV and increasing our support across the market for first-time buyers, home movers and existing home owners looking to remortgage.
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“We pride ourselves on our customer service and brokers can be assured their clients will receive the highest levels of service for mortgage applications and processing.”