Mortgages

Newcastle Intermediaries launches free legals and cuts fixed rates

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18th October 2017
"I’m pleased we can offer borrowers a competitive range of fixed rate products. Additionally, our free legal fee feature is ideal for the growing remortgage market."

Newcastle Intermediaries has cut rates across a number of fixed rates and introduced free legal fees on many of its products.

Reduced products include a ten-year fixed rate which is now available at 3.35% up to 80% LTV and an 80% LTV two-year fixed rate at 2.15%.

Products come with no reservation or completion fees, free standard valuation, free legal fees for remortgages or £200 cashback for house purchases.

The lender has also confirmed that changes recently announced by PRA around buy-to-let portfolios will not affect its existing policy as it has no plans to enter the portfolio landlord market.

The maximum number of mortgaged buy-to-let properties accepted by Newcastle Intermediaries will remain at three.

Ben Smith, Head of Product Development at Newcastle Intermediaries, stated: “We have reassessed all of our rates in a bid to offer borrowers choice and flexibility.
 
“Whilst rates across the market are rising ahead of a potential base rate rise in November, I’m pleased we can offer borrowers a competitive range of fixed rate products. Additionally, our free legal fee feature is ideal for the growing remortgage market.”

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