Competitive range of two-year fixed rates from Newcastle Intermediaries arrive on market

13 January 2023

Newcastle Intermediaries has launched a range of highly competitive 60% and 80% two-year fixed rate mortgage products for borrowers looking for certainty of rate over the short term.

A two-year fixed rate at 4.75% (5.0% APRC) up to 80% LTV comes with early repayment charges of 2% until 31.03.2024 and 1% until 31.03.2025. The product comes with a £999 fee and offers the flexibility of 10% overpayments per annum.

Also included in the range is a two-year fixed rate at 4.99% (5.1% APRC) up to 80% LTV that comes with early repayment charges of 2% until 31.03.2024 and 1% until 31.03.2025. The product comes with no fees and offers the flexibility of 10% overpayments per annum.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We’re always looking at the changing needs of the market and how we can deliver greater benefits to borrowers who may require both long and short-term mortgage products.

“Our latest range of highly competitive two-year fixed rates have been reduced by up to 0.80% and provide brokers with greater choice in attractive options for those clients in need of shorter-term solutions.”

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