Newcastle Intermediaries launches 85% LTV mortgages

16 October 2020

Newcastle Intermediaries has today (16 October) launched a range of 85% LTV mortgages with rates as low as 2.85%, including no product fees on selected products.

The products in the range are available to first time buyers, home movers and re-mortgage customers. A two-year fix at 2.85% (5.3% APRC) is available at a max LTV of 85% and has a product fee of £999. A 2% early repayment charge until 31st January 2022 and 1% until 31st January 2023 applies.

The newly launched range offers a free standard valuation on properties up to £500k and allows 10% overpayments per annum, supporting customers who require the flexibility to make lump sum capital payments.

Alternatively, a fee-assisted two-year fix is available at 2.99% (5.2% APRC) at a max LTV of 85% and comes with no reservation or completion fees to pay, meaning borrowers will only have to pay associated legal costs. A 2% early repayment charge until 31st January 2022 and 1% until 31st January 2023 applies.

John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We’re pleased to be extending our current offering to 85% LTV and increasing our support across the market for first time buyers, home movers and existing home owners looking to re-mortgage. We pride ourselves on our customer service and brokers can be assured their clients will receive the highest levels of service for mortgage applications and processing.”

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