Newcastle Intermediaries has reintroduced its 2-year 95% loan-to-value (LTV) range, aimed at supporting first-time buyers and low deposit borrowers.
The refreshed proposition followed broker feedback, and includes a 2-year fixed rate at 6.44% (7.1% APRC) up to 95% LTV, available with no product fees, a free standard valuation and £200 cashback, as well as a 2-year fixed rate at 5.99% (7.1% APRC) up to 95% LTV with a £999 product fee.
Both products are available for both house purchase and remortgage, offer up to 10% overpayments and come with early repayment charges (ERCs) of 2% until 28th February 2025 and 1% until 28th February 2026.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We’re always listening to broker feedback and looking for ways to increase support for clients.
“That’s why we’ve reintroduced a competitive range of two-year products to meet the needs of first-time buyers and low deposit borrowers looking for a shorter-term deal.”
