Newcastle for Intermediaries has introduced new 3-year product transfer options and reduced rates across its 5-year range to provide brokers with greater flexibility when supporting clients nearing the end of their current mortgage deal.
The lender has cut rates on its 5-year product transfer range by up to 0.35%, including a 4.15% fixed rate up to 60% loan-to-value (LTV) available to existing customers.
Alongside this, a new 3-year product range has been launched, with rates starting from 4.05% up to 70% LTV. Borrowers can secure a new rate up to three months before their mortgage matures.
The changes are designed to simplify the retention process and offer brokers more options to match client circumstances and preferences around rate and term length.
Francesco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “By lowering 5-year rates and introducing 3-year product transfers, we’re increasing choice and flexibility for brokers, while keeping the application process simple and efficient through our online tools.
“We want to make it as easy as possible for brokers to retain their clients and deliver excellent outcomes at maturity.”
