Newcastle unveils 1.99% 3-year fix

The product has a £199 reservation fee and £800 completion fee.

Newcastle Intermediaries has launched a 1.99% 3-year fixed rate mortgage to 80% loan-to-value.

The product has a £199 reservation fee and £800 completion fee.

Steve Carruthers, head of mortgage distribution at Newcastle Building Society, said: “We have seen an increase in borrowers looking for three year products, so I’m pleased to see us offer another competitive product in this market.”