Newcastle Intermediaries launches three-year fix through Openwork

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Newcastle Intermediaries has introduced a three-year fixed mortgage product exclusive to Openwork.

The loan is 2.05 per cent to 80 per cent LTV and has no arrangement fee.

Free valuation and free legals are available for remortgages, or £250 cashback for purchases.

Newcastle Intermediaries head of mortgage distribution Steve Carruthers says: “We’re potentially looking to offer more bespoke products for brokers and will be measuring the impact and effectiveness of this initial offer with a view to doing more in the future to help address their customers’ individual needs.

“Feedback from brokers indicates that there appears to be a growing demand for three year deals, particularly as we look ahead into uncertain times in the wider economy.”