"This product offers a fantastic rate in the current market allowing both home-movers and re-mortgage customers the opportunity to fix their rate for three years."
The mortgage comes with a £199 reservation fee and £800 completion fee.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Building Society, said: “This product offers a fantastic rate in the current market allowing both home-movers and re-mortgage customers the opportunity to fix their rate for three years.”
Rachel Springall, Finance Expert at Moneyfacts, added: “At a time when mortgage rates grow increasingly competitive, it’s fantastic to see Newcastle Building Society offering a market-leading three-year fixed deal. At 1.88%, it becomes the lowest rate ever seen on Moneyfacts.co.uk records for borrowers with a 20% deposit over a three-year fixed term."
