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Newcastle BS cuts high LTV rates by up to 0.56%

  • 19/10/2017
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Newcastle BS cuts high LTV rates by up to 0.56%
Newcastle Building Society has cut rates on its mortgages with a loan-to-value (LTV) of up to 95%.

The mutual said it expected these deals to be most valuable to first-time buyers.

The two-year deals include a 3.39% rate with £999 fee. A no-fee option at 3.99% with free standard valuation plus £200 cash back is also available. Both these deals were reduced by 0.56%. Those remortgaging can opt for free legals instead of the cashback.

In all, Newcastle Intermediaries has reduced 14 rates across its mortgage range by an average of 0.35%.

Newcastle Intermediaries head of product development Ben Smith said: “We’re committed to supporting new buyers on to the property ladder and I’m pleased we can offer a reduction in our rates to help them do that.

“This range of products is ideal for first-time buyers looking to keep the costs of purchasing their first home down.”

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