Newcastle Intermediaries launches 1.88% three-year fix

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Newcastle Intermediaries has launched a new fixed rate mortgage range.

The range includes one product offering a three year fixed rate of 1.88 per cent at up to 80 per cent LTV.

The product has a £199 reservation fee and £800 completion fee.

Moneyfacts.co.uk Finance Expert Rachel Springall says: “At a time when mortgage rates grow increasingly competitive, it’s fantastic to see Newcastle Building Society offering a market-leading three-year fixed deal.

“At 1.88 per cent, it becomes the lowest rate ever seen on Moneyfacts.co.uk records for borrowers with a 20 per cent deposit over a three-year fixed term.”

Newcastle Intermediaries Head of Mortgage Distribution Steve Carruthers says: “This product offers a fantastic rate in the current market allowing both home-movers and re-mortgage customers the opportunity to fix their rate for three years.”