Newcastle Intermediaries launches five-year fixes


Newcastle Intermediaries has come out with a new set of five-year fixes.

Each product is available at up to 80% LTV.

Highlights include an offer at 4.55% that allows for 10% overpayments per year with early repayment charges (ERC) starting at 5%, sequentially reducing by 1% each year.

The lender is also offering a zero-fee fix at 4.70% with the same overpayment and ERC structure in place.

Newcastle head of intermediary mortgages Franco Di Pietro says: “Our latest range of highly competitive five-year fixed rate products offer attractive options for customers looking for payment certainty, and come at a time in the year when many will be looking to review their finances.

“Our decision to introduce these new 80% LTV products demonstrates that, as the market evolves in 2023, we will continue to provide a range of solutions to address the challenges brokers face as consumers look to remortgage or purchase a property in the coming months.”

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