Newcastle Intermediaries is launching a five year 95 per cent LTV mortgage at 2.90 per cent and refreshing end dates on its existing 95 per cent LTV mortgages.
The five-year fix is available at 2.90 per cent and comes with fees of £498, 10 per cent overpayments allowed per year and an early repayment charge of five per cent until 31 October 2020, four per cent until 31 October 2021, three per cent until 31 October 2022, two per cent until 31 October 2023 and one per cent until 31 October 2024.
Alternatively, a two-year fixed rate is available at 2.59 per cent with fees of £498, 10 per cent overpayments per year and an early repayment charge of two per cent until 31 October 2020 and one per cent until 31 October 2021.
All 95 per cent LTV products are available for house purchase and remortgage.
Stuart Miller, customer director at Newcastle Building Society, (pictured) said: “Supporting people own their own home is key to our purpose, so we’re pleased to see that the first-time buyer market remains very active.
“The launch of this best buy five-year product along with the refresh of our already competitive range will give borrowers choice on how long they fix their rate.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS