"This product offers a low fixed rate in an uncertain economy, with the flexibility of overpaying up to 10% each year."
The product is fixed at 1.99% for two years and is available up to 80% LTV, with the ability to overpay by 10% each year, free valuation and legal fees.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “The cost of remortgaging can often be a challenge for borrowers each time their mortgage deal expires. This product offers a low fixed rate in an uncertain economy, with the flexibility of overpaying up to 10% each year.
“The free standard valuation and legal fees means there are some upfront savings to be made too.”
