Reduced rates on 85% LTV mortgages
We have launched a competitive range of two and five year 85% LTV fixed rates to support all mortgage customers, from first time buyers to home movers and customers remortgaging. Rates across the range have reduced by up to 0.20%.
Key features:
- Competitive range of 2 and 5 year products available
- Choice of fee assisted products
- Free standard valuation on properties up to £500k
- 10% overpayments per annum which supports your clients who require the flexibility to make lump sum overpayments. (In additional to £499 regular monthly overpayments already permitted)
Product range:
2 Year
- 2.50% Fixed Rate until 30.09.2023 (3.8% APRC) with £999 fee
- 2.65% Fixed Rate until 30.09.2023 (3.8% APRC) with no product fees
- Early repayment charge of 2% until 30.09.2022 and 1% until 30.09.2023
5 Year
- 2.75% Fixed Rate until 30.09.2026 (3.6% APRC) with £999 fee
- 2.85% Fixed Rate until 30.09.2026 (3.6% APRC) with no product fees
- Early repayment charge of 5% until 30.09.2022, 4% until 30.09.2023, 3% until 30.09.2024, 2% until 30.09.2025 and 1% until 30.09.2026
John Truswell, our Head of Intermediary Mortgages, said: "We're always reviewing the market to ensure our products remain competitive for clients and borrowers. Our latest refresh and improved pricing on our 85% LTV mortgages ensures that we continue to offer great value products to Intermediaries and their customers."
All product details and the full range of products can be found on our website.
Contact Us
We will be delighted to discuss any new enquiries or any other queries you might have about existing applications. Call our Intermediary Support team on 0345 602 2338 or email us at intermediary.lending@newcastle.co.uk. Alternatively, you can contact your dedicated Business Development Manager.
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