The society’s range also includes a new three year fixed rate product at 4.80% offering a max LTV of 80%. With a free valuation and legal fees for remortgage customers the new range will appeal to those looking to move along the ladder.
Steve Urwin, senior sales and marketing executive at Newcastle Building Society, said: “At a time when many industry experts are suggesting the property market is slowing down ahead of the general election, we are launching 90% LTV products on a limited tranche basis. This helps to demonstrate our commitment to provide genuine value for all our members including those trying to get onto the property ladder for the first time.
“The Newcastle has also launched a number of other mortgages including a competitive offset product offering a five year fixed rate at 4.99% up to a maximum LTV of 80%, which also includes a free standard valuation on properties up to £500,000 and legal fees to our re-mortgage customers.”
