New mortgage deals at Newcastle BS

Posted on Monday, April 7 by Joy Tibbs

Newcastle Building Society Intermediary Services (NBSIS) has introduced a new line of mortgage products including a new base-rate tracker. The new deal is available at 1.8% above the Bank of England base rate until June 30, 2016, up to 80% loan-to-value (LTV).

NBSIS has also introduced a range of fee-free products. This includes a deal at 2.98% up to 80% LTV until June 30, 2016. This loan is primarily aimed at remortgage customers and those with large deposits.

Alternatively, a new two-year fixed loan at 5.39% is available up to 95% LTV for first-time buyers and for those with small deposits. A five-year deal up to 95% LTV is available at 5.49%.

Corporate development executive at NBS, Steven Marks, says: “We have reassessed our entire mortgage range for our brokers and have introduced products that are even more relevant to what their clients are asking for.

“The range allows us to cater for those that can capitalise on the low-interest-rate environment with a tracker product. Or there are the products that support those who do need the reassurance of the same monthly repayments, which our fixed-rated products can bring.”

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