Newcastle launches exclusive North East FTB range

"We’ve made these competitive products exclusive to our North East customer base to help first time buyers of homes in our heartland postcodes"

The range includes two-year fixed rates at 3.71% and five-year fixed at 4.11% up to 95% LTV with no product reservation or completion fees. Products also offer free standard valuation on properties up to a value of £500,000 and £200 cashback to borrowers.

Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “It’s important to us as the North East’s largest building society that, in addition to making a comprehensive and competitive range of mortgage products available nationally, we are also connecting with our heartland communities.  
 
“This is a first for us. We’ve made these competitive products exclusive to our North East customer base to help first time buyers of homes in our heartland postcodes save on upfront costs, with the reassurance of fixed monthly payments. We want to help more local people own their own home.”