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.”