Newcastle unveils 80% LTV range

Ryan Bembridge

May 30, 2017

Newcastle Intermediaries has launched a selection of 80% loan-to-value products including a 2-year fix at 2.05%.

Also available is a 3-year fix at 1.85% and a 10-year fix at 3.29%, all with no reservation or completion fees, a free standard valuation and £200 cashback.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re pleased to be able to support borrowers with a 20% deposit with such a strong and competitive range of products.

“In the current climate, we feel it’s important to offer a suite of fixed terms to cater for a range of different needs and hope that these products can help brokers find the right choice for their customers.”

Newcastle has also upped the level of overpayments allowed to 10% per year. This will stand alongside the current policy which allows up to £499 in monthly overpayments.

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