The Newcastle unveils fee-free deals

Newcastle Building Society

The Newcastle Building Society (NBS) has introduced the two, three and five year 80% Loan to value (LTV) products with fee-free options.

All are available without completion or reservation fees and some come with free standard valuation and legal fees.

Meanwhile, two-year products come with no early repayment charges.

Steve Urwin, sales and marketing executive at NBS, said: “There is a demand for fixed-rate products given borrowers are worried interest rates will rise. Therefore, they want to make sure they are attached to products over a term beneficial to them, which offers the reassurance of regular monthly payments.

“We regularly assess our mortgage range and are pleased the latest offering gives borrowers the opportunity to make up front savings, with the fee free option, while taking on a competitive rate of interest.”

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