Newcastle Intermediaries launches cut-price 80% LTV range

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Newcastle Intermediaries has launched an 80 per cent LTV range, including a number of best buy offers.

The products include fixed terms for first-time buyers or home movers.

 A two-year product is fixed at 2.05 per cent until 31 August 2019.

The loan has no fees, has a free standard valuation and £200 cashback.

The lender has also brought in a three-year deal at 1.85 per cent until 31 August 2020.

Newcastle is also introducing a ten-year fixed loan at 3.29 per cent.

The mortgage has no fees has a free standard valuation and £200 cashback.

The lender has also raised the level of overpayments allowed without penalty across its residential range.

These products allow borrowers to overpay by 10 per cent of their mortgage balance every year.

This adds to Newcastle’s existing policy which allows £499 regular monthly overpayments.

Newcastle Intermediaries head of mortgage distribution Steve Carruthers says: “In the current climate, we feel it’s important to offer a suite of fixed terms to cater for a range of different needs and hope that these products can help brokers find the right choice for their customers.”