"We have seen an increase in borrowers looking for three year products, so I’m pleased to see us offer another competitive product in this market."
It comes with a £199 reservation fee, £800 completion fee and is available with a maximum loan to value of 80% for purchase or remortgage.
Steve Carruthers, head of mortgage distribution at Newcastle Building Society, said: “We have seen an increase in borrowers looking for three year products, so I’m pleased to see us offer another competitive product in this market.”
Earlier this week, Newcastle Intermediaries launched a revised mortgage range exclusively for self employed borrowers.
The two year fixed rate products are available from 2.49% up to 75% LTV, offer free valuations (on properties up to and including £500,000) and are available through all its key account distributors.
