Newcastle Intermediaries has improved its product transfer offering for existing customers with reduced rates.
The preferential rates include a two-year fixed rate at 4.99% (5.0% APRC) up to 60% LTV that comes with early repayment charges of 2% until 28.02.2024 and 1% until 28.02.2025. The two-year fixed rate comes with no product fees and up to 10% overpayments per annum.
Also available is a two-year fixed rate at 4.79% (5.1%% APRC) up to 60% LTV that comes with early repayment charges of 2% until 28.02.2024 and 1% until 28.02.2025 The two-year fixed rate comes with a £999 product fee and offers up to 10% overpayments per annum.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We are deeply committed to fostering long-term relationships with our broker partners, not just transient interactions, that’s why we’re continually striving to enhance our proposition, with a product range that delivers value for both new and existing customers.
“We believe in rewarding our existing customers by offering them preferential rates, so to acknowledge this loyalty and say thank you, we’re reducing rates for existing customers looking to product transfer with us.”