Newcastle Intermediaries cuts rates for first-time buyers

Michael Lloyd

January 8, 2018

Newcastle Intermediaries is helping first-time buyers by cutting their rates up to 0.35% on its 95% LTV mortgage range.

Highlights include a 2-year fixed rate at 3.89% which comes with £500 cashback and no reservation or completion fees, free standard valuation.

Steve Carruthers, head of mortgage distribution, at Newcastle Intermediaries, said: “We’re starting the year as we mean to go on, by giving a real helping hand to first-time buyers.

“Our product range is ideal for first-time buyers looking to keep the costs of purchasing their first home down, and the choice of rates and fixes will help brokers find the right choice for their clients.

“We understand that buying a home, especially a first home, is an exciting but daunting time and we hope to be able to make the experience much easier and straightforward.”

A two-year fix is also available at 4.05% with no reservation or completion fees, and free free legal fees and standard valuation.

The enhanced free legal package includes all standard legal costs including Land Registry priority search, Land Registry fees, property searches (such as, water and drainage fees, local authority) bankruptcy searches and VAT.

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