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Newcastle revises first-time buyer rates

by: Heather Greig-Smith
  • 01/06/2017
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Newcastle revises first-time buyer rates
Newcastle Intermediaries has refreshed its range of mortgage products for first-time buyers.

The revised rates apply to mortgages with a maximum loan to value (LTV) of 95%. They include fixed-rate deals of between two and five years with a range of incentives.

The first, fixed for five years at 4.39%, has no reservation or completion fees, a free standard valuation and £200 cash back.

Another five-year deal is fixed at 4.15% and available for a £199 reservation fee and £800 completion fee.

In addition, Newcastle has introduced two fixed rate deals as part of its All in One offering, also available at a maximum LTV of 95%.

The first All in One product is fixed at 4.49% for two years, with a five year fixed rate available at 4.59%.

All in One products include all standard legal costs including Land Registry fees, Land Registry Priority Search, Bankruptcy Searches, Property Searches and VAT. There are no valuation or product fees.

Steve Carruthers (pictured), head of mortgage distribution at Newcastle Intermediaries, said: “We’re committed to supporting new buyers on to the property ladder. Our All in One product range is ideal for first-time buyers looking to keep the costs of purchasing their first home down, and the choice of rates and fixed terms show we want to help brokers find the right choice for their clients.”

The news follows the lender’s boost to its 80% product range earlier this week.

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