Newcastle reduces 2-year fixed rate
Customers will now have the option of either a 2.94% 2-fixed for £995 or a fee-free product at 3.47% both available at a maximum loan to value of 80%.
Steven Marks, NIS corporate development executive, said: “The two-year marketplace is very popular at present as many borrowers still look for certainty with their mortgage payments but may not want to lock-in over the longer-term.
“This is why the 2-year fixed for many is a good option and also why it’s important for us to have such products within our range.”
The deals are available on a semi-exclusive basis to L&G, First Complete, Pink, Openwork, Positive Solutions, Intrinsic and Brilliant Solutions.