View more on these topics

Newcastle sweetens fixes with cashback and free valuations

Steve Carruthers

Newcastle Intermediaries has refreshed its two- and five-year fixed rate mortgage deals to offer free valuations.

The lender is also now giving £250 cashback on its five-year fixes.

Newcastle adds that its time to offer is now six days from brokers submitting minimum packaging requirements.

The lender has a two-year fix at 1.99 per cent until 31 December 2018 up to 80 per cent LTV.

Newcastle also offers a five-year fixed rate of 2.59 per cent until 31 December 2021, also up to 80 per cent LTV.

Newcastle Intermediaries head of mortgage distribution Steve Carruthers says: “We’re further improving these two competitive mortgage products, which now offer cost saving advantages and the opportunity to fix at a competitive rate.

“Alongside this, our service investments reflect our commitment to saving brokers time and effort with a rapid six day turn round time to offer that will help them provide an even better service to their customers.”

Recommended

Fixed-Income-Portfolio-Coins-Pounds-Growth-700x450.jpg

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 […]

Home-House-Monopoly-Money-Property-700x450.jpg

Newcastle Intermediaries launches 1.88% three-year fix

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 […]

Estate-Agent-To-Let-Buy-Sign-700.jpg

Tax relief cut prompts Newcastle to tighten B2L criteria

Newcastle Building Society has tightened its buy-to-let criteria in reaction to the Government’s tax relief changes. The lender increased its rental coverage ratio to 145 per cent today, up from 125 per cent. It has also increased its stress rate from 5 per cent to 5.5 per cent. It will now lend on a maximum […]

What the huge rebound in sterling means for the UK's inflation outlook

The world’s strongest currency in November was not the US dollar, despite the greenback rallying 3.5% against the euro, 8.7% against the Japanese yen and over 8.6% versus the Mexican peso and the Turkish lira up to yesterday’s close. The strongest currency last month was sterling, which had strengthened 2.2% versus even the mighty US […]

Newsletter

News and expert analysis straight to your inbox

Sign up