Newcastle BS launches new FTB fixes

Newcastle Building Society has launched a number of two and five year fixed rate deals ranging from 90-95% LTV.

Related topics:  Mortgages
Rozi Jones
26th August 2015
calculator rates mortgage house

Products include a 3.39% two year fix available up to 90% LTV and a 4.38% two year fix at 95% LTV.
 
Alternatively, there are two five year products; a 90% LTV at 3.84% or a 95% LTV at 4.89%.
 
Steve Urwin, Managing Director Sales and Marketing, said:

“The fixed rate market has picked up and represents 88% of the total lending in the UK, which is also considerably higher than in previous years, which could be attributed to the mounting speculation about when the Bank of England Base Rate will rise.
 
“So, in response to this, we have launched two and five year products; at either 90% or 95%, so it’s ideal for first time buyers or remortgages customers without a lot of equity in their properties. As well as the competitive rates, the products come without fees, which help make all important savings at a time when every penny counts.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.