The Newcastle launches 1.65% fix at 80% LTV

Newcastle Building Society has launched several fixed rate mortgage products for the 80% loan to value marketplace.

Related topics:  Mortgages
Amy Loddington
22nd May 2015
new build house home mortgage

The products offer a range of terms for borrowers looking to secure a mortgage with a 20% or less deposit.

The two-year product is set at a rate of 1.65% (5.4% APR), which is one of the best in the marketplace. There’s also a fees free* two-year product at a rate of 2.29% (5.4% APR) for borrowers that want to make up-front savings. Both these products come with the flexibility of no early repayment charges.

For those that want to fix their mortgage for a little longer, NBSIS also has a three year deal available at 2.15% (5.2% APR), once again up to 80% LTV.

While the five-year product offers borrowers even more certainty and will suit those that want to have the reassurance of regular payments for longer. This comes at a competitive  rate of 2.65% (4.9% APR).

These products are available through NBSIS’ key accounts Legal & General, Openwork, PINK, First Complete, Intrinsic, Positive Solutions and Brilliant Solutions, Sesame, PMS and TMA.

Steven Marks, Corporate Development Executive, NBSIS, said:

“The launch of these products follows a tread in the popularity of fixed rates. We appreciate some brokers’ clients are keen to fixed for the short-term and wait for the outcome of a Bank of England base rate rise, whereas others would prefer more long-term certainty in preparation for a rise. This is why we’ve launched a suite of 80% LTV fixed rate products that will cater for a range of different needs.”

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