Newcastle unveils intermediary exclusive

Ryan Bembridge

October 20, 2016

newcastle

Newcastle Intermediaries has launched a 3-year fixed rate mortgage at 2.05% to 80% loan-to-value exclusively offered through Openwork brokers.

The product comes with a free valuation, while free legals are available for remortgages or £250 cashback for purchases.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re potentially looking to offer more bespoke products for brokers and will be measuring the impact and effectiveness of this initial offer with a view to doing more in the future to help address their customers’ individual needs.

“Feedback from brokers indicates that there appears to be a growing demand for three year deals, particularly as we look ahead into uncertain times in the wider economy.”

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