Newcastle Building Society has appointed Damian Thompson as customer director.
Thompson joins from Principality Building Society, where he was head of distribution.
Thompson says: “I’m delighted to join the Newcastle Building Society Board. I want to connect with our brokers and members and ensure that they continue to have a voice across our organisation.”
In April the lender’s broker-only arm, Newcastle Intermediaries, introduced a residential three-year fixed product at 1.99 per cent up to 80 per cent LTV.
The fixed rate will run until 31 July 2019, and then Newcastle’s standard variable rate of 5.99 per cent will apply for the rest of the term.
A statement from the broker arm of Newcastle Building Society says the product has a £199 reservation fee and the ability to add the £499 completion fee to the loan.