Newcastle launches 90% LTV deal
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Newcastle Building Society has launched two new fixed rate products, including a 90% deal.
The new products include a two-year 5.99% fixed rate at 90% LTV, with a £195 reservation fee, and a £499 completion fee.
It has also launched a 3.95% fixed rate deal at 80% LTV, a £195 reservation fee and a £800 completion fee.
The products are available on a semi exclusive arrangement through Legal & General, Openwork, Your Move, Intrinsic, Positive Solutions and Brilliant Solutions.
Steven Marks, intermediary services executive at Newcastle, says: “We are keen to support as many first time buyers onto the ladder as possible, while encouraging movement in the housing market for those who already own a home.
“Therefore to launch two products - one of which requires a small 10% deposit while the other more suitable for larger deposits–enables us to build on our successful relationships with key intermediaries, while making our products available to a wide range of people.”
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Readers' comments (1)
Mark Robson | 25 Oct 2010 6:53 pm
Well done the Newcastle more lenders need to take similar decisions and get products out there which will start to address the needs, particularly of First Time Buyers.
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