Newcastle Intermediaries Launches Best Buy Mortgage Products
1st June 2017
We are pleased to announce the launch of a competitive range of mortgages for the 80% loan to value (LTV) marketplace, including a number of Best Buy offers.
The products offer a range of fixed terms for borrowers looking to secure a mortgage with a 20% or more deposit, including first time buyers or home movers.
The two year product is fixed at a rate of 2.05% (5.30%APR) until 31st August 2019. This comes with no reservation or completion fees, a free standard valuation and £200 cash back incentive.
For those borrowers looking to fix their repayments for a little longer, the market leading three year deal is available at 1.85% (5.00% APR) until 31st August 2020.
A ten year fixed rate product at 3.29% (4.2% APR) offers borrowers even more certainty and may suit those who want long term reassurance of fixed repayments. This product also comes with no reservation or completion fees, a free standard valuation and £200 cash back incentive helping buyers to make upfront savings.
In addition, we have increased the level of overpayments allowed without penalty across our residential range. These products allow borrowers to overpay by 10% of their mortgage balance per annum, over and above the existing policy which allows £499 regular monthly overpayments. This enhancement provides increased flexibility to the range for those borrowers who may wish to overpay to their mortgage.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: "We're pleased to be able to support borrowers with a 20% deposit with such a strong and competitive range of products.
"In the current climate, we feel it's important to offer a suite of fixed terms to cater for a range of different needs and hope that these products can help brokers find the right choice for their customers."
To view our full range of products click here.
If you have any queries you'd like to discuss with us, please don't hesitate to get in touch with your local Business Development Manager. Alternatively our Intermediary Support Team will be happy to assist on 0345 602 2338 or via webchat (Monday to Friday, 8am to 6pm).
This information is for use by authorised mortgage intermediaries only and should not be relied on by customers.