Newcastle Intermediaries has expanded its remortgage range with the addition of two new 60% LTV products.
In response to consumer demand and feedback from intermediary partners, the lender has introduced a two-year fixed rate at 2.95% at a maximum of 60% LTV.
A five-year fix at 3.10% is also available at 60% LTV. Both products are for remortgage customers only and come with zero product fees, offer a free standard valuation and free legal fees (should the Society‘s solicitor be nominated).
The two-year fix attracts an early repayment charge of 2% until 31.08.2023 and 1% until 31.08.2024. The five-year product attracts early repayment charges of 5% until 31.08.2023, 4% until 31.08.2024, 3% until 31.08.2025, 2% until 31.08.2026 and 1% until 31.08.2027 however, both products allow 10% overpayments per year.
Franco Di Pietro, head of intermediary mortgages said: “We know that with the rising cost of living and recent increases to base rate, even more homeowners are looking to remortgage on the best possible terms. By introducing two new 60% products and assistance with fees, we’re giving brokers and their clients some competitive options backed by our flexible approach to underwriting and leading service levels.”
Latest News
-
House prices drop in September as annual growth halved
-
More than 34m UK adults face retirement savings vulnerability
-
PM confirms triple lock will become ‘annual double lock’ after next general election
-
Half of aspiring homeowners would use pension savings for home deposit
-
Industry divided over Your First Home scheme
-
Albatross Lending Group joins the BDLA
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories