Newcastle Intermediaries cuts buy-to-let rates

Michael Lloyd

March 6, 2018

Newcastle Intermediaries has reduced its buy-to-let rates by up to 0.10%, with the largest reductions on 5-year fixed rate products.

There is an exclusive remortgage deal of a 5-year fixed rate at 3.45% with no reservation or completion fee. This comes with a free standard valuation, free legal fees or £500 cashback and 10% overpayments per annum.

Another 5-year buy-to-let deal is offered at a fixed rate of 3.25% with £199 reservation fee and £800 completion fee. This product also includes 10% overpayments per annum, and is available to future investors.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “I’m pleased to announce a number of rate reductions across our whole buy-to-let range but in particular our popular 5-year products.

“We know that whilst the purchase market has shrunk over recent years our remortgage exclusive product will be popular for existing investors looking for long term rate security.”

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