Newcastle Intermediaries cuts rates on 95% LTV range

Michael Lloyd

April 1, 2019

Newcastle Intermediaries has reduced rates on its 95% loan-to-value range by up to 0.27%.

A 2-year fixed of 3.12%, a 0.18% reduction on its current rate is available at a maximum LTV of 95%, with a free valuation, £500 cashback or free legal fees for remortgages.

There’s a 2-year fix at 2.59%, a 0.27% reduction on its current rate, with fees of £498 to pay, at 95% LTV. Both have an early repayment charge of 2% until 31.07.2020and 1% until 31.07.2020.

Stuart Miller, customer director at Newcastle Intermediaries, said: “We’re pleased to see that the first-time buyer market remains very active, and our reduction in rates support these buyers make their first step onto the housing ladder.

“As a mutual, we are dedicated to supporting the first time buyer market and our flexible and common sense approach to underwriting means we can consider customers who require a flexible approach.

“These products will also support borrowers looking to re-mortgage up to 95% LTV including the ability to raise capital for home improvements.”

Alternatively, for borrowers looking to fix for a longer period of time, a 5-year fee assisted fixed rate is available at 3.45%, a 0.04% reduction on its current rate.

This comes with free valuation, £500 cashback or for remortgagers free legal fees, and an early repayment charge of 5% until 31.07.2020, 4% until 31.07.2021, 3% until 31.07.2022, 2% until 31.07.2023 and 1% until 31.07.2024.

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