Newcastle Building Society has released a range of three and five-year fixed rates at 95 per cent loan to value (LTV).
The range includes four products on both three and five-year fixed rates.
An example includes a three-year fixed rate priced at 3.06 per cent. It comes with early repayment charges (ERC) of three per cent until 2023, which then falls one per cent a year until 2025.
The range has a five-year fixed rate at 3.09 per cent. It comes with ERCs of five per cent for the first year, which also falls one per cent a year until 2027.
The products allow overpayments of up to 10 per cent each year and come with £500 cashback as well as free standard valuation up to £500,000.
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society said: “We’re always listening to broker feedback and looking for ways to increase support for clients.
“For low deposit borrowers especially we recognise needs are evolving so we’re really pleased to introduce new three and five-year fixed rate options to give brokers additional options, backed by our flexible approach to underwriting.”
The lender re-entered the 95 per cent LTV space in June last year, having last offered the products in March 2020.
Overall, the lender has 16 products at 95 per cent LTV including joint borrower sole proprietor, Help to Buy, Deposit Unlock or regional exclusive products.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
