Newcastle refreshes mortgage range
The changes include a two-year fixed-rate fees-free product which comes at 2.98% (APR 5.5%) with a loan to value of up to 80%.
Also, a five-year fixed rate is available at 3.52% (APR 5.1%). This product is also available up to 80% LTV and comes with no completion fees.
Finally, the society chose to revise its 10-year product. This comes at a fixed rate of 4.49% until 30th September 2024 (APR 5.1%) but it is now available with no reservation or completion fees and is available up to 80% LTV.
The product comes with no early repayment charges after five years which means borrowers have the flexibility to move home or repay their mortgage without any restricting penalties after this date.
Commenting, Steven Marks, corporate development executive at NBS, said: “We believe that the refresh and update of our range will prove attractive to brokers and their clients.
“We hope this will allow us to continue the success we have enjoyed year to date. Our products have been consistently popular: service levels continue to be good; and we have had a very smooth transition into the post MMR world.”
The product is available through Legal & General, Openwork, PINK, First Complete, Intrinsic, Tenet, Brilliant Solutions, Sesame and TMA.