The latest range have rates that have been lowered by up to 0.80%
Newcastle Intermediaries has launched a range of 60% and 80% loan-to-value (LTV) two-year fixed rate mortgage products for borrowers looking for rate certainty over a short-term period.
The intermediary-only lender said its two-year fixed rate at 4.75% (5.0% APRC) up to 80% LTV comes with early repayment charges (ERCs) of 2% until March 31, 2024, and 1% until March 31, 2025. The product comes with a £999 fee and offers the flexibility of 10% overpayments per annum.
Also included in the range is a two-year fixed rate at 4.99% (5.1% APRC) up to 80% LTV that comes with ERCs of 2% until March 31, 2024 and 1% until March 31, 2025. The product comes with no fees and offers the flexibility of 10% overpayments per annum.
Newcastle Intermediaries, in its product news update, said both LTVs have a fee-assisted product option to support customers looking for assistance with costs.
All product details and the full range of available products can be found on the Newcastle Intermediaries website.
“We’re always looking at the changing needs of the market and how we can deliver greater benefits to borrowers who may require both long- and short-term mortgage products,” Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said.
“Our latest range of highly competitive two-year fixed rates have been reduced by up to 0.80% and provide brokers with greater choice in attractive options for those clients in need of shorter-term solutions.”
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