Newcastle Intermediaries launches two new 80% LTV products

23 October 2020

Newcastle Intermediaries has today (23 October) added two competitively priced 80% LTV mortgages with rates as low as 1.89%, to complement its existing mortgage portfolio.

The two and five year fixed rates can be used to support customers purchasing a home or re-mortgaging for a cheaper deal.

A two year fixed rate at 1.89% (5.1% APRC) is available at a max LTV of 80%. An early repayment charge of 2% applies until 31.01.2022 and 1% until 31.01.2023.

Alternatively, for borrowers wanting to fix for longer, a five year fixed rate at 2.29% (4.6% APRC) is also available at a max LTV of 80%. An early repayment charge of 5% applies until 31.01.2022, 4% until 31.01.2023, 3% until 31.01.2024, 2% until 31.01.2025 and 1% until 31.01.2026.

Both mortgages come with product fees of £999 to pay, and offer 10% overpayments per annum to support customers who require the flexibility to make lump sum capital payments.

John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We’re pleased to be introducing a further two competitive 80% mortgages to our current offering to increase product options for brokers and their clients.”

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