Newcastle Intermediaries is launching two two-year fixed rate 85% LTV products to support first time buyers, re-mortgagers and home movers.
A two-year fixed rate at 2.70% (3.8% APRC) is available and comes with product fees of £999 to pay. An early repayment charge of 2% applies until 31/08/22 and 1% until 31/08/23.
In addition, the lender is offering a new two-year fixed rate at 2.80% (3.8% APRC) which comes with no product fees to pay. An early repayment charge of 2% applies until 31/08/22 and 1% until 31/08/23.
Both products offer a free standard valuation on properties up to £500k and allow 10% overpayments per annum, supporting customers who require the flexibility to make lump sum capital payments.
John Truswell (pictured), head of intermediary mortgages at Newcastle Building Society, said: “We’re always looking at the changing needs of the market and have evolved our proposition to suit brokers and their clients.
“These new 85% products will support a variety of borrowers including first time buyers, home movers and existing home owners looking to remortgage.”