New products include an 80% five year fix from 2.82% with no reservation or completion fees.
Alternatively NBS are offering a five-year fix at 2.91%, again with no reservation or completion fees and a max LTV of 80%, but with a free basic valuation and £300 cashback for house purchases or free legal fees for remortgage customers.
Two further five year products also launched include a 2.74% with a max LTV of 80%, and a a 2.65% with a max LTV of 60% with fees.
Steve Urwin, Managing Director Sales and Marketing, Newcastle Building Society said:
“Mr Carney recently announced that an increase to the Bank of England base rate was slowly moving closer.
“This means many borrowers – new and existing – will currently be considering what their next move should be. Knowing this, we have looked at what the marketplace needs and launched a range of products in response to this.
“The five-year fixed rate deal offers them the reassurance of knowing their monthly payments won’t change at a time when the Bank of England base rate no doubt will. While there is the option to receive free valuation fees if they need to make upfront savings, there’s also the opportunity to opt for the lower rated product.”
