Newcastle Intermediaries launches ERC-free and fee assisted products

Newcastle Intermediaries has launched a new mortgage product with no early repayment charges, as well as a new fee assisted range.

Related topics:  Mortgages
Rozi Jones
27th November 2017
Newcastle Building Society
"Our fee assisted products are particularly helpful when borrowers need to free up cash for a house move"

The ERC-free product is available at 2.09% up to 80% LTV with a £199 reservation fee and £800 completion fee.
 
The lender has also reintroduced a fee assisted range available at 60% LTV, aimed at remortgagors.

New products include a two-year fixed rate at 2.22% and a five-year fix at 2.57%, both with no reservation or completion fees, free standard valuation (for properties up to £500,000) and a choice of £200 cashback or free legal fees for remortgages.

Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “We’ve reassessed our entire range and made changes which offer even more choice and flexibility to borrowers.
 
“Our fee assisted products are particularly helpful when borrowers need to free up cash for a house move and by offering a choice of products across the LTV range, we can support brokers in finding the right choice for their customers.”

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