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Newcastle Intermediaries launches 95 per cent LTV deals

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  • 06/08/2019
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Newcastle Intermediaries launches 95 per cent LTV deals
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.” 

 

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