Newcastle Intermediaries cuts first-time buyer rates

cut, scissors

Newcastle Intermediaries has revamped its first-time buyer range and cut rates by up to 0.35 per cent.

Eight products up to 95 per cent LTV have had their rates cut.

The largest reductions have been on the lender’s five-year fixed range deals.

The deals on offer now include a two-year fixed rate at 3.89 per cent with no reservation or completion fees and £500 cashback.

Other products include an enhanced free legal package, which covers all standard legal costs such as Land Registry fees, Land Registry priority search, bankruptcy searches, property searches and VAT.

Newcastle Intermediaries’ head of mortgage distribution Steve Carruthers says the lender is starting the year as it means to go on by giving first-time buyers a helping hand.

He adds: “Our product range is ideal for first time buyers looking to keep the costs of purchasing their first home down, and the choice of rates and fixes will help brokers find the right choice for their clients.”



Newcastle Intermediaries unveils 95% LTV FTB loans after Budget

  Newcastle Intermediaries has launched a first-time buyer range of 95 per cent LTV mortgages with free legal fees after this week’s Budget announcement. On Wednesday the Chancellor scrapped stamp duty for first-time buyers on properties worth up to £300,000 and on the first £300,000 of properties valued at up to £500,000. A Newcastle statement […]


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