News
Newcastle BS adds two-year fixes to mortgage offering
Newcastle Intermediaries has launched two-year fixed rates to its mortgage range.
The products are available up to 80 per cent loan to value (LTV).
This includes a product with a rate of 4.75 per cent. It has an early repayment charge (ERC) of two per cent in the first year of the fixed rate term, then this drops to one per cent in the second year. This has a £999 fee and allows overpayments of 10 per cent each year.
The fee-free option has a rate of 4.99 per cent and has the same ERC structure. It also allows overpayments of 10 per cent each year.
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “We’re always looking at the changing needs of the market and how we can deliver greater benefits to borrowers who may require both long and short-term mortgage products.
“Our latest range of highly competitive two-year fixed rates have been reduced by up to 0.8 per cent and provide brokers with greater choice in attractive options for those clients in need of shorter-term solutions.”
Market Moves: Understanding UK Housing Trends
Introducing the first in our video series “Market Moves: Understanding UK Housing Trends” The
Sponsored by Halifax Intermediaries