Newcastle Building Society has released five-year fixed rates, including fee and fee-free options, to support customers looking for “payment certainty”.
The product includes a five-year fixed rate at 4.55 per cent up to 80 per cent loan to value (LTV) and comes with early repayment charges (ERC).
The charges start at five per cent and then go down one per cent per year of the term. The above deal is also subject to a £999 fee.
Another deal in the range is a no-fee five-year fixed rate at 4.7 per cent up to 80 per cent LTV. The product also comes with ERCs of five per cent, which then decrease by one per cent each year of the term.
Both deals allow 10 per cent overpayments per annum.
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “Our latest range of highly competitive five-year fixed rate products offer attractive options for customers looking for payment certainty, and come at a time in the year when many will be looking to review their finances.
“Our decision to introduce these new 80 per cent LTV products demonstrates that, as the market evolves in 2023, we will continue to provide a range of solutions to address the challenges brokers face as consumers look to remortgage or purchase a property in the coming months.”
The mutual has been adding to its range in recent months, adding shared ownership mortgages up to 95 per cent LTV and relaunching large loan products near the end of last year.
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.
