10 Year Fixed Rate Mortgages
With the growing popularity of 10-year fixed deals, we have launched two competitive 10 year fixed rate mortgages with early repayment charges of 5% for the first five years only.
These products are designed for those customers who are looking for a longer term fixed rate but with the added benefit of having flexibility after five years, should they require it.
Our new 10 year fixed rate products offer market leading rates of 2.85% (4.00% APRC) up to 80% LTV and 2.89% (4.00% APRC) for those customers needing up to 90% LTV. These highly competitive products are available for both purchase and re-mortgage, come with fees of £999 and 10% overpayments per annum. Both of these products only have an early repayment charge of 5% until 31.10.2024.
Rachel Springall, Finance Expert at Moneyfacts, said: "These new 10 year fixed rate mortgages from Newcastle Building Society are competitively priced and will likely attract borrowers looking to safeguard their monthly mortgage repayments over the longer-term. The 90% loan-to-value offer, priced at 2.89%, is a market-leading rate in its sector, and both this option and the deal at 80% loan-to-value at 2.85% allow borrowers to repay their mortgage after five years without penalty."
All product details and the full range of available products can be found here.
Should you require any further help or assistance, please do not hesitate to contact us.