This product also comes with no completion fee and no early repayment charges.
Steve Carruthers, Head of Mortgage Distribution, at Newcastle Intermediaries, said:
“This is one of the most competitive products I’ve seen in the marketplace for a long time.
“There is an appetite for shorter-term borrowing especially as people are unsure as to when the Bank of England Base Rate will rise. In addition, the no early repayment charges element gives the borrower added flexibility too.”
The products are available through the following networks Sesame, Openwork, L&G, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.
