Newcastle Intermediaries has refreshed its range of 95% LTV mortgages with rate reductions on its two year deals

07 March 2018

The refreshed range includes a two year deal, with no product set up fees at a rate of 3.99% (5.8% APR). This product also includes a free standard valuation, 10% overpayments per annum and £500 cashback, ideal for first time buyers looking for a helping hand with the costs of buying their first home. For re-mortgages, customers have the option of either cashback or free legal fees providing choice based on their needs and circumstances.

Alternatively, a lower 2 year fixed rate of 3.40% (5.7% APR) is available with 10% overpayments per annum with a reservation fee of £199 (payable upfront) and a completion fee of £299.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re committed to supporting more first time buyers get a foothold on the property ladder and I’m pleased we can offer a reduction in our rates to help them do that. These products are designed for borrowers who have a small deposit and are looking for a competitive deal.”

All product details and the full range of available products can be found at www.newcastleis.co.uk.