One5-year fixnow stands at3.09%to 95% LTV.
Newcastle Intermediaries has reduced rates on its 5-yearfixed rate95% loan-to-value (LTV) mortgages by up to 0.16%.
One5-year fixnow stands at3.09%to 95% LTV.
It comes with fees of £498, 10% overpayments per annum and an early repayment charge of 5% until 31July 2020, 4% until 31July 2021, 3% until 31July 2022, 2% until 31July 2023 and 1% until 31July 2024.
Stuart Miller, customer director at Newcastle Intermediaries, said: “We’re pleased to see that the first-time buyer market remains very active, and our reduction in rates supports buyers making their first step onto the housing ladder.
“We are dedicated to supporting the first-time buyer market and our flexible and common-sense approach to underwriting means we can consider customers who require a bespoke approach.
“These products would also suit those looking to remortgage and possibly increase their loan to make the most of some extra funding for home improvements for example.
“We’re also seeing an overall increase in 5-year mortgages with borrowers wanting more certainty around monthly payments and locking in longer-term deals.”
Alternatively, for borrowers not wanting to pay any fees, a 3.35% fix for five years is available at 95% LTV and is a 0.10% reduction on its current rate.
There’s a free valuation, £500 cashback, 10% overpayments per annum and an early repayment charge of 5% until 31July 2020, 4% until 31July 2021, 3% until 31July 2022, 2% until 31July 2023 and 1% until 31 July 2024.
