"We’re potentially looking to offer more bespoke products for brokers and will be measuring the impact and effectiveness of this initial offer"
Available up to 80% LTV, the product rate is fixed at 2.05% and comes with no arrangement fee. Free valuation and free legals are available for remortgages (or £250 cashback for purchases).
Newcastle says the offering is part of a move towards offering more bespoke products for individual networks.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “We’re potentially looking to offer more bespoke products for brokers and will be measuring the impact and effectiveness of this initial offer with a view to doing more in the future to help address their customers’ individual needs.
“Feedback from brokers indicates that there appears to be a growing demand for three year deals, particularly as we look ahead into uncertain times in the wider economy.”
