Newcastle Intermediaries refreshes FTB-centric deals

Newcastle Intermediaries has tweaked its range of mortgage products for first time buyers.

The lender has revised rates to mortgages with a maximum loan to value (LTV) of 95%.

The products include fixed rate deals of between two and five years with a range of incentives.

The first, fixed for five years at 4.39% (5.4% APR), comes with no reservation or completion fees, a free standard valuation and £200 cash back.

Another five year deal is fixed at 4.15% (5.4%APR) and is available for a £199 reservation fee and £800 completion fee, offering the choice between saving on upfront costs or lower repayments over the fixed term.

As well as refreshed rates, Newcastle Intermediaries has introduced two new fixed rate deals as part of its All in One offering, also available at a maximum LTV of 95%.

The first All in One product is fixed at 4.49% (5.8%APR) for two years, with a five year fixed rate available at 4.59% (5.5%APR).

These All in One products include all standard legal costs including Land Registry fees, Land Registry Priority Search, Bankruptcy Searches, Property Searches (such as Local Authority, Water and Drainage Fees) and VAT.

In addition to no legal fees, the All In One mortgage has no valuation fees and product fees.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re committed to supporting new buyers on to the property ladder and I’m pleased we can offer such a wide range of products to suit their needs.

“Our All in One product range is ideal for first time buyers looking to keep the costs of purchasing their first home down, and the choice of rates and fixed terms show we want to help brokers find the right choice for their clients.”

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