Newcastle Intermediaries pares back FTB rates

Newcastle Intermediaries has refreshed its 95 per cent LTV mortgage range by trimming rates on two-year deals.

The lender has cut rates by 0.24 per cent on a two-year fixed rate, now 3.40 per cent. This option allows 10 per cent overpayments a year and has a £199 upfront fee and £299 completion fee.

Newcastle has also reduced rates by 0.15 per cent on a two-year fixed rate with no fees, now 3.99 per cent.

This option has free standard valuation, allows 10 per cent overpayments a year and has and £500 cashback.

Remortgage customers have the option of cashback or free legal fees.

Newcastle Intermediaries head of mortgage distribution Steve Carruthers says: “We’re committed to supporting more first time buyers get a foothold on the property ladder and I’m pleased we can offer a reduction in our rates to help them do that.

“These products are designed for borrowers who have a small deposit and are looking for a competitive deal.”



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