Newcastle Intermediaries has unveiled an exclusive range of fixed rate mortgages aimed at helping first time buyers in the North East get on to the property ladder.
The regionally focused two and five year fixed rate products, at 3.71% over two years and 4.11% over five years and 95% LTV, come with no product reservation or completion fees.
They offer free standard valuation on properties up to a value of £500,000, and provide £200 cash back to borrowers.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “It’s important to us as the North East’s largest building society that, in addition to making a comprehensive and competitive range of mortgage products available nationally, we are also connecting with our heartland communities.
“This is a first for us. We’ve made these competitive products exclusive to our North East customer base to help first time buyers of homes in our heartland postcodes save on upfront costs, with the reassurance of fixed monthly payments. We want to help more local people own their own home.”
First time buyers of homes in the following postcode areas can apply for the North East Exclusive product: NE, SR, DH, TD15, TD12, DL,TS, CA1-11.