Newcastle BS cuts 95% mortgage rate

Newcastle Building Society Intermediary Services has reduced the rate of its five year 95% LTV mortgage product.

Related topics:  Mortgages
Rozi Jones
17th November 2014
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The five year product is now at a rate of 5.69% (APR 6.1%) and is available at a max 95% LTV with no completion fee.

Meanwhile, the society has launched a two year deal for those not wanting to be tied in for a longer period. It is available at a rate of 5.49% (APR 6.1%). The product has no early repayment charges making it a flexible option for borrowers who believe their circumstances may change in the future and would like to review their rate without incurring charges.

These products are available through NBSIS’ key accounts Legal & General, Openwork, PINK, First Complete, Intrinsic, Positive Solutions and Brilliant Solutions, Sesame and TMA.

Steven Marks, Corporate Development Executive, said:

“We know first time buyers need as much help as they can so by reducing our rate we’re attempting to help as many as them as possible.  We believe this will be welcomed by our brokers too as the lower rate will help reduce their clients’ monthly payments and the low fees means money can be saved at the costly move stage.”

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