Newcastle Intermediaries reduces 95% range

20 November 2018

Newcastle Intermediaries has reduced its rates on a number of two and five year deals available up to a max LTV of 95%.

The refreshed range includes a two year fix at 3.49% (5.7%APR) a 0.20% reduction on the current product, at 95% LTV, no product fees to pay, free valuation, 10% overpayment facility per annum, £500 cashback or free legal fees (available on re-mortgages only) and an early repayment charge of 2% until 31 March 2020 and 1% until 31 March 2021.

Alternatively for borrowers looking for longer term certainty, a five year fix at 3.67% (5.2%APR), a 0.40% reduction on its current product is also available at a max LTV of 95%, comes with no product fees to pay, free valuation, 10% overpayment facility per annum, £500 cashback or free legal fees (available on re-mortgages only) and an early repayment charge of 5% until 31 March 2020, 4% until 31 March 2021, 3% until 31 March 2022, 2% until 31 March 2023 and 1% until 31 March 2024.

Steve Carruthers head of mortgage distribution at Newcastle Intermediaries, said: “These products will support a wide range of borrowers including first time buyers and re-mortgagers. We’re also giving borrowers the option of cashback or free legal fees with re-mortgages, providing choice and flexibility, whether you’re taking the first step on the property ladder or simply reviewing your existing deal.”

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