Newcastle unveils fee free first-time buyer products after Budget

Ryan Bembridge

November 24, 2017

Newcastle Intermediaries has launched two fee free 95% loan-to-value products with free legals designed for first-time buyers after this week’s Autumn Budget announcement.

The products are a 2-year fix at 4.25% and a 5-year fix at 4.60%, both with free legals and no product or application fees.

This week Philip Hammond abolished stamp duty for first-time buyers making property purchases up to £300,000.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re fully committed to helping first-time buyers onto the property ladder and welcome the budget announcement this week, which will hopefully help even more people own their first home.

“These products, with the addition of inclusive legal fees, could be an ideal choice for first-time buyers hoping to maximise their savings for their deposit by assisting with the upfront costs of buying a property.

“We understand that buying a home, especially a first home, is an exciting but daunting time and we hope to be able to make the experience much easier for borrowers.”

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