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Newcastle Intermediaries extends remortgage range

Jessica Bird

May 26, 2020

Truswell Newcastle remortgage products

Newcastle Intermediaries has extended its remortgage range with the addition of 60% and 80% loan-to-value (LTV) products.

The 2-year fixed rate at 1.61% (5.00% annual percentage rate of charge (APRC)) is available at 80% LTV, comes with the choice of free standard legal fees or £300 cashback, a free standard valuation and offers 10% overpayments per annum.

There is an early repayment charge of 2% until 30 October 2021, 1% until 30 October 2022 and fees of £999 apply.

Newcastle Intermediaries has also relaunched its fee-assisted, 1.99% 2-year fixed rate (5.00% APRC).

This is also available at 80% LTV with the choice of free standard legal fees or £750 cashback.

The product also offers a free standard valuation, no product fees and offers 10% overpayments per annum.

An early repayment charge of 2% applies until 30 October 2021, and 1% until 30 October 2022.

John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We continue to see a strong demand for remortgage products, so we’re pleased to extend and enhance our range to help customers take advantage of the historically low rates.

“We’re committed to supporting our customers’ needs across the market and by updating the range, borrowers looking for flexibility and a higher LTV will have the opportunity to make savings on their mortgage repayments.”


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