A two-year fixed rate is available at 2.05% with no reservation or completion fees, a free standard valuation and £200 cash back incentive.
A three-year fix is available at 1.85% and a ten-year fixed rate is on offer from 3.29%, also with no reservation or completion fees, a free standard valuation and £200 cash back incentive.
In addition, Newcastle Intermediaries has increased the level of overpayments allowed without penalty across its residential range. These products allow borrowers to overpay by 10% of their mortgage balance per annum, over and above the existing policy which allows £499 regular monthly overpayments.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “We’re pleased to be able to support borrowers with a 20% deposit with such a strong and competitive range of products.
“In the current climate, we feel it’s important to offer a suite of fixed terms to cater for a range of different needs and hope that these products can help brokers find the right choice for their customers.”
