Newcastle Intermediaries has launched a new range of mortgages at 80% loan to value (LTV).
The products offer a range of fixed terms for borrowers, including first time buyers or home movers.
The two-year product is fixed at a rate of 2.05% (5.30%APR) until 31 August 2019. This comes with no reservation or completion fees, a free standard valuation and £200 cashback.
Meanwhile, a three-year deal is available at 1.85% (5.00% APR) until 31 August 2020.
A 10-year fixed rate product at 3.29% (4.2% APR) comes with no reservation or completion fees, a free standard valuation and £200 cashback.
In addition, Newcastle Intermediaries has increased the level of overpayments allowed without penalty across its residential range. These products allow borrowers to overpay by 10% of their mortgage balance per annum, over and above the existing policy which allows £499 regular monthly overpayments.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re pleased to be able to support borrowers with a 20% deposit with such a strong and competitive range of products.
“In the current climate, we feel it’s important to offer a suite of fixed terms to cater for a range of different needs and hope that these products can help brokers find the right choice for their customers.”
