"We’re pleased to announce we’ll be lowering rates across our existing 80% LTV range and re-introducing a range of 60% LTV products."
Newcastle Intermediaries is reducing rates by up to 0.39% across its existing 80% LTV product range, and reintroducing a range of products at 60% LTV, including its remortgage exclusives and base rate trackers.
The updated range includes a remortgage two-year fixed rate at 5.49% up to 60% LTV with no product fees, free base legal fees (if society nominated solicitor used), a free standard valuation and up to 10% overpayments per annum.
Also available is a two-year base rate tracker at 3.55% up to 60% LTV that comes with a £999 product fee.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “As significant numbers of homeowners look to remortgage or switch in the coming year, we recognise the importance of responding to the changing requirements of the market, and believe our new remortgage rates provide the ideal option for those coming to the end of their existing mortgage term.
“We’re pleased to announce we’ll be lowering rates across our existing 80% LTV range and re-introducing a range of 60% LTV products. These updates to our residential mortgage proposition deliver real benefits to customers with a range of circumstances, looking to purchase a property or remortgage their existing home, including fee assisted options for those customers who are looking for help with costs.”
