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.”

Sign up to our daily email