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Newcastle BS launches 90% LTV deal

by: Mortgage Solutions
  • 06/01/2011
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Newcastle BS launches 90% LTV deal
Newcastle Building Society has launched a two-year fixed rate mortgage at 5.99% up to 90% LTV.

The intermediary deal, designed to help first-time buyers and home movers, will be available on a semi-exclusive basis through Legal & General, Openwork, LSL Group, Intrinsic, Positive Solutions and Brilliant Solutions.

The mortgage has a £499 completion fee, £195 non-refundable reservation fee and has an early repayment charge of 3% for the term. The maximum loan size is £250,000.

Steven Marks, intermediary services executive for Newcastle Building Society, said: “This new 90% LTV product reinforces our ongoing commitment to the first-time buyer market.

“We anticipate it should prove particularly attractive to advisors and their clients at a time when it is being reported that affordability for first-time buyers is at its best level for 12 years.”

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