Newcastle Intermediaries cuts rates for 95% mortgages

Michael Lloyd

November 20, 2018

Newcastle Intermediaries has reduced rates on a number of 2 and 5-year deals available up to a max loan-to-value of 95%.

There’s a 5-year fix at 3.67%, a 0.40% reduction on its current product, available at a max LTV of 95% with an early repayment charge of 5% until 31 March 2020, 4% until 31 March 2021, 3% until 31 March 2022, 2% until 31 March 2023 and 1% until 31 March 2024.

There’s also a 2-year fix at 3.49%, a 0.20% reduction on the current product, at 95% LTV with an early repayment charge of 2%. Both products come without product fees, a free valuation, a 10% overpayment facility per anun and £500 cashback or free legal fees, available on remortgages only.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “These products will support a wide range of borrowers including first-time buyers and remortgagers.

“We’re also giving borrowers the option of cashback or free legal fees with remortgages, providing choice and flexibility, whether you’re taking the first step on the property ladder or simply reviewing your existing deal.”

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