Newcastle Intermediaries has launched a range of 60% and 80% loan-to-value (LTV) two-year fixed-rate mortgage products.
A two-year fixed rate at 4.75% (5.0% APRC) up to 80% LTV has an early repayment charge of 2% until 31.03.2024 and 1% until 31.03.2025.
The product comes with a £999 fee and offers the flexibility of 10% overpayments per annum.
Also included in the range is a two-year fixed rate at 4.99% (5.1% APRC) up to 80% LTV which comes with early repayment charges of 2% until 31.03.2024 and 1% until 31.03.2025.
The product comes with no fees and offers the flexibility of 10% overpayments per annum.
Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “We’re always looking at the changing needs of the market and how we can deliver greater benefits to borrowers who may require both long and short-term mortgage products.”
“Our latest range of highly competitive two-year fixed rates have been reduced by up to 0.80% and provide brokers with greater choice in attractive options for those clients in need of shorter-term solutions.”
