Newcastle Intermediaries has extended its remortgage range with the addition of a new 60% and 80% LTV product.
The new two year fixed rate at 1.61% (5.00% APRC) is available at 80% LTV, comes with the choice of free standard legal fees or £300 cashback, a free standard valuation and offers 10% overpayments per annum. There is an early repayment charge of 2% until 30/10/2021, 1% until 30/10/2022 and fees of £999 apply.
Newcastle Intermediaries has also relaunched its fee-assisted, 1.99% two year fixed rate (5.00% APRC) which is also available at 80% LTV with the choice of free standard a legal fees or £750 cashback. The product also offers a free standard valuation, no product fees and offers 10% overpayments per annum. An early repayment charge of 2% applies until 30/10/2021, and 1% until 30/10/2022.
John Truswell (pictured), head of intermediary mortgages at Newcastle Building Society, said: “We continue to see a strong demand for remortgage products, so we’re pleased to extend and enhance our range to help customers take advantage of the historically low rates.
“We’re committed to supporting our customers’ needs across the market and by updating the range, borrowers looking for flexibility and a higher LTV will have the opportunity to make savings on their mortgage repayments.”