Newcastle Intermediaries has reduced the rates on its ‘all in one’ mortgages aimed at first-time buyers.
Newcastle Intermediaries has reduced the rates on its ‘all in one’ mortgages aimed at first-time buyers.
Its 2-year fixes now stand at 3.26% to 90% LTV and 4.15% to 95% LTV.
The ‘all in one’ products are named as such due to the inclusion of standard legal costs including land registry fees, land registry priority search, bankruptcy searches, property searches (such as local authority, water and drainage fees) and VAT.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “Following the launch of our innovative ‘all in one’ product in October 2015, we have received lots of positive feedback from brokers who believe this product range is ideal for first-time buyers looking to keep the costs of purchasing their first home down. Feedback also indicates it’s a great product for clients looking to move home or remortgage.
“These changes alongside our recent launch of our Newcastle Help to Buy: ISA only go to show how the Newcastle is committed to supporting our members get onto the property ladder.”
Newcastle Intermediaries will instruct one of its approved solicitors on the borrowers’ behalf to arrange completion of their purchase or remortgage.
The products are available through the following networks Sesame, Openwork, L&G, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.
