Newcastle Intermediaries offers £250 cashback on refreshed rates

John Hewitt Jones

September 16, 2016

newcastle

Newcastle Intermediaries has launched a new range of 2-year and 5-year mortgage products, offering £250 cashback on 5-year rates.

The intermediary arm of Newcastle Building Society is offering a 2-year fix at 1.99% until 31 December 2018 at a maximum loan-to-value (LTV) of 80%.

The 5-year fixed rate of 2.59% is on offer until 31 December 2021 at 80% LTV.

Newcastle sees sharp rise in resi lending

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re further improving these two competitive mortgage products, which now offer cost saving advantages and the opportunity to fix at a competitive rate.  Alongside this, our service investments reflect our commitment to saving brokers time and effort with a rapid six day turn round time to offer that will help them provide an even better service to their customers.”

The intermediary service now offers free valuation for both products, and £250 cash back on the 5-year fixed rate.

Turnaround from the time of offer is just six days, according to the intermediary service.