Newcastle Intermediaries returns to high LTV mortgage market

Newcastle Intermediaries has confirmed that it is re-entering the high LTV mortgage market range.

The lender has released a variety of products at 90% and 95% with two and five-year rates, including several with zero product fees.

A two-year fixed rate at 3.80% will be available at 95% LTV and comes with no product fees to pay, Newcastle Intermediaries confirmed. For borrowers wanting to fix for longer terms, a five-year fixed rate at 3.89% is also available at 95% LTV and attracts no product fees.

The lender stated that all the products in its relaunched range offer a free standard valuation and 10% overpayments per annum, while some products will also offer £250 cashback to support with any legal or moving fees.

“We’re delighted to be re-entering the higher LTV market with a range of competitive mortgages to support a variety of borrowers,” said Newcastle Building Society head of intermediary mortgages, John Truswell.

“As well as first-time buyers, second steppers, home movers and remortgage customers can all benefit from higher LTV products which are currently limited elsewhere in the market.

“This range builds on some of the initiatives we’ve recently announced, and provides low deposit borrowers with even more choice in the market. Whether it’s through these products, our involvement in the First Homes initiative, or our participation in the Deposit Unlock scheme, we pride ourselves on being able to support brokers and their clients – whatever their needs may be.”

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