Newcastle launches five-year fixed intermediary range

Newcastle Building Society Intermediary Services has launched two five-year fixed rate mortgage products to its panel of mortgage brokers.

Related topics:  Mortgages
Rozi Jones
21st April 2016
Newcastle Building Society

The five-year fixes are available up to 80% at 2.60% with a £199 reservation fee and £800 completion fee, or from 2.69% with no product fees.

Steve Carruthers, Head of mortgage distribution at NBSIS, said:

“Our products are competitive given the low and fees free status. We continue to find that fixed rate products are still very popular with borrowers, who prefer the comfort of knowing their mortgage payments won’t change, while the prospect of a base rate rise remains questionable.

“These five year fixed rate deals offer a longer term solution to those borrowers and the two options offer the choice between a lower rate and up front savings by avoiding product fees.”

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