Newcastle Intermediaries Announce Reduced Buy to Let Rates
8th March 2018
Newcastle Intermediaries has announced it is reducing all its buy to let rates by up to 0.10%.
The largest reduction has been on its five year fixed rate products, which continue to be popular with investors who are looking for a long term fixed rate.
An exclusive re-mortgage deal is a five year fixed rate at 3.45% (5.0% APR) with no reservation or completion fee. This product comes with a free standard valuation, free legal fees or £500 cashback and 10% overpayments per annum.
Another five year buy to let deal is offered at a fixed rate of 3.25% (5.0% APR) with £199 reservation fee and £800 completion fee. This product also includes 10% overpayments per annum, and is available to future investors.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: "I'm pleased to announce a number of rate reductions across our whole buy to let range but in particular our popular 5 year products. We know that whilst the purchase market has shrunk over recent years our re-mortgage exclusive product will be popular for existing investors looking for long term rate security."
To view our full range of buy to let products click here.