Newcastle Intermediaries cuts rates on its 95% LTV mortgages

Michael Lloyd

March 7, 2018

Newcastle Intermediaries has refreshed its range of 95% LTV mortgages with rate reductions on its 2-year deals.

It includes a 2-year product with no product set up fees at a rate of 3.99%, a free standard valuation, 10% overpayments per annum and £500 cashback.

For remortgages, customers have the option of either cashback or free legal fees providing choice based on their needs and circumstances.

Alternatively, a lower 2-year fixed rate of 3.40% is available with 10% overpayments per annum with a reservation fee of £199 (payable upfront) and a completion fee of £299.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re committed to supporting more first-time buyers get a foothold on the property ladder and I’m pleased we can offer a reduction in our rates to help them do that.

“These products are designed for borrowers who have a small deposit and are looking for a competitive deal.”

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