A new tracker rate product is at 3.49% above BBR until 30.06.14 with £195 reservation fee and £299 completion fee . It has the added benefit of the switch and fix feature which enables the customer to switch to any of the Newcastle’s fixed rate products during the tracking period without incurring an early redemption charge.
A new 3 Year Fixed rate product is now at 3.95% to 30.06.2015 with a £195 reservation fee and a £495 completion fee.
A new Discount product at 3.99% (2% discount) with a £195 reservation fee and £299 completion fee.
Matthew Arena, Managing Director of Brilliant Solutions, said:
“The Newcastle has revised their product range, giving the customers further choice of Discount, BBR Tracker or Fixed Rate options. These sub 4% deals are both competitive in terms of rates but also in terms of reasonable product fees which really does mean the customer is getting a good deal.
"I believe these products will be very popular particularly the Tracker as it does allow the customer to switch to a Fixed rate during the tracker period without any early redemption charges”