Newcastle significantly cuts 90% LTV 5-year fixes

Ryan Bembridge

January 8, 2019

Newcastle Intermediaries is refreshing its mortgage range – with the biggest reductions coming on its 90% 5-year fixed rates.

The society’s 90% loan-to-value 5-year fix is available at 2.75% with £498 in fees after being cut by 0.70%.

Alternatively, there is a 90% LTV fee free 5-year fix at 2.95% with £500 cashback following a reduction of 0.67%.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re starting 2019 as we mean to go on, with a market responsive range that meets the needs of home buyers.

“With the prospect of further rate rises along with the uncertainty of Brexit, borrowers are moving towards longer term fixed rates, which is why we’ve refreshed all of our residential mortgage range with a strong focus on the 5-year fixes to give these borrowers peace of mind.”

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