Newcastle Intermediaries has introduced a 95% LTV mortgage at 2.90% and refreshed end dates on its existing 95% LTV mortgages.
The new five-year fixed is now available at 2.90% (4.8%APR) comes with fees of £498 to pay, 10% overpayments per annum and an early repayment charge of 5% until 31 October 2020, 4% until 31 October 2021, 3% until 31 October 2022, 2% until 31 October 2023 and 1% until 31 October 2024.
Meanwhile, a two-year fixed rate is available at 2.59% (5.2%APR) comes with fees of £498 to pay, 10% overpayments per annum and an early repayment charge of 2% until 31 October 2020 and 1% until 31 October 2021.
All 95% LTV products are available for house purchase and remortgage.
Stuart Miller, customer director at the Newcastle Building Society, said: “Supporting people own their own home is key to our purpose, so we’re pleased to see that the first time buyer market remains very active.
“The launch of this best buy five-year product along with the refresh of our already competitive range will give borrowers choice on how long they fix their rate. We adopt a flexible and common sense approach to underwriting adding further value to our first time buyer proposition.”
