Newcastle Intermediaries launches five-year fixes

Newcastle Intermediaries is launching two five-year fixed rate mortgages starting from 2.70 per cent at 85 per cent LTV.

That product, for remortgage customers, has no reservation or completion fees.

The lender has also launched a five-year fixed at 3.30 per cent at 90 per cent aimed at first-time buyers.

It also has no reservation or completion fees and has a free standard valuation.

Newcastle Intermediaries head of mortgage distribution Steve Carruthers says: “We are pleased to launch a new range of mortgage products which offer borrowers the opportunity to fix their rates for a significant period in an ever-changing market.

“Our five-year products could be ideal for those homeowners looking for certainty with their monthly payments, or first time buyers taking their first step on the housing ladder.”