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Newcastle Intermediaries launches 85% LTV mortgages

Ryan Fowler

October 16, 2020

Truswell Newcastle remortgage products

Newcastle Intermediaries has launched a range of 85% loan-to-value (LTV) mortgages with rates starting at 2.85%.

The products in the range are available to first-time buyers, home movers and remortgage customers. A 2-year fix at 2.85% (5.3% APRC) is available at a max LTV of 85% and has a product fee of £999. A 2% early repayment charge until 31 January 2022 and 1% until 31 January 2023 applies.

The range offers a free standard valuation on properties up to £500k and allows 10% overpayments per annum, supporting customers who require the flexibility to make lump sum capital payments.

Alternatively, a fee-assisted two-year fix is available at 2.99% (5.2% APRC) at a max LTV of 85% and comes with no reservation or completion fees to pay. A 2% early repayment charge until 31 January 2022 and 1% until 31 January 2023 applies.

John Truswell (pictured), head of intermediary mortgages at Newcastle Building Society, said: “We’re pleased to be extending our current offering to 85% LTV and increasing our support across the market for first-time buyers, home movers and existing home owners looking to remortgage.

“We pride ourselves on our customer service and brokers can be assured their clients will receive the highest levels of service for mortgage applications and processing.”


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