Launch of 85% LTV mortgage products
We've launched our 85% LTV mortgage range with rates as low as 2.85% and no product fees on selected products.
With strong demand in the market for higher LTV products, our two and five year fixed rates are now available to help first time buyers, home movers and existing home owners wishing to remortgage to a lower rate.
All new 85% LTV product rates can be found on our website.
Key features:
- Competitive 2 and 5 year products available
- Choice of fee assisted products providing choice for your clients
- 10% overpayments per annum which supports your clients who require the flexibility to make lump sum overpayments
Product range:
2 Year
- 2.85% Fixed Rate until 31.01.2023 (5.3% APRC) with £999 fee
- 2.99% Fixed Rate until 31.01.2023 (5.2% APRC) which comes with no product fees
- Early repayment charge of 2% until 31st January 2022 and 1% until 31st January 2023
5 Year
- 3.05% Fixed Rate until 31.01.2026 (5.0% APRC) with £999 fee
- 3.25% Fixed Rate until 31.01.2026 (5.0% APRC) which comes with no product fees
- Early repayment charge of 5% until 31st January 2022, 4% until 31st January 2023, 3% until 31st January 2024, 2% until 31st January 2025 and 1% until 31st January 2026
John Truswell, our head of intermediary mortgages said: "We're pleased to be extending our current offering to 85% LTV and increasing our support across the market for first time buyers, home movers and existing home owners looking to re-mortgage. We pride ourselves on our customer service and brokers can be assured their clients will receive the highest levels of service for mortgage applications and processing."
All product details and the full range of products can be found on our website.
Our current service levels
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.