5 year 95% LTV rate reductions
10th June 2019
Newcastle Intermediaries is reducing rates on its competitive five year 95% LTV mortgages by up to 0.16%.
A five year fix of 3.09% (4.9%APRC) comes with fees of £498 and 10% overpayments per annum and an early repayment charge of 5% until 31st July 2020, 4% until 31st July 2021, 3% until 31st July 2022, 2% until 31st July 2023 and 1% until 31st July 2024.
Alternatively, for borrowers not wanting to pay any fees, a 3.35% fix for five years (5.0%APRC) is available at 95% LTV and comes with a free standard valuation, £500 cashback, 10% overpayments per annum and an early repayment charge of 5% until 31st July 2020, 4% until 31st July 2021, 3% until 31st July 2022, 2% until 31st July 2023 and 1% until 31st July 2024.
Stuart Miller, customer director at Newcastle Intermediaries, said: "We're pleased to see that the first time buyer market remains very active, and our reduction in rates supports buyers making their first step onto the housing ladder. We are dedicated to supporting the first time buyer market and our flexible and common sense approach to underwriting means we can consider customers who require a bespoke approach."
All products 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.