Newcastle refreshes short-term fixed mortgage range

Newcastle Intermediaries has refreshed its range of two and five year fixed rate mortgage products available for remortgages where the LTV is 80% or lower.

Related topics:  Mortgages
Amy Loddington
7th October 2016
Newcastle Building Society

Borrowers looking for a short term fix can take up a two year product at 1.87% (5.3% APR), with a maximum LTV of 60%, or with a smaller deposit can opt for 1.96% (5.3% APR) and a maximum LTV of 80%. Both of these products are fixed until 31st January 2019.
 
Customers looking to fix their rate for a longer period can choose between two five year products. A rate of 2.05% (4.4% APR) is available at a maximum LTV of 60%, or 2.40% (4.5%APR) with a maximum LTV of 80%, are both fixed until 31st January 2022.

All of these products come with no reservation or completion fees, as well as free legal and standard valuation fees.

Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries stated: 

“We have reassessed our fixed rate mortgages and our range of two and five year deals where the LTV is below 80% are ideal for those customers that need the reassurance of regular payments.

“Additionally, the ‘fees free’ element allows borrowers to free-up extra cash, at a time when they may need it most.”

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