You are here: Home - News -

Newcastle Intermediaries launches discounted variable rate mortgages

by: James Staunton
  • 01/12/2020
  • 0
Newcastle Intermediaries launches discounted variable rate mortgages
Newcastle Intermediaries, the adviser arm of Newcastle Building Society, is introducing two discounted variable rate mortgages, as the society reduces its residential Standard Variable Rate (SVR). 

 

The provider’s residential SVR in England, Scotland, Wales and Northern Ireland falls to 3.96 per cent, effective immediately.

The new products include a two-year discounted variable rate at 1.79 per cent until 30 April 2023, representing a 2.17 per cent discount from SVR.

Available up to a maximum loan to value (LTV) of 80 per cent it has a product fee of £999.

A two-year discounted variable rate is also available at 2.35 per cent until 30 April 2023, representing a discount of 1.61 per cent from SVR.

Available up to a max LTV of 80 per cent this product offers a free standard valuation on properties of up to £500,000 and comes with no product fees.

Both mortgages allow 10 per cent overpayments per annum.

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
House price growth hits highest level since 2015 – Nationwide

House prices jumped 6.5 per cent annually in November, the highest growth seen since January 2015, as measured by Nationwide.

Close