Newcastle cuts two-year residential rates amid demand for shorter fixes

Published on

Newcastle for Intermediaries has cut rates across its two-year residential range for both purchases and remortgages.

The lender has reduced pricing by up to 0.20% on its two-year fixed products, with options available up to 95% LTV.

The range includes fee-assisted choices intended to help borrowers manage upfront costs at a time when affordability remains under pressure.

Francesco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “Brokers are telling us clients need straight-forward, reliably priced two-year options as they make decisions in a fast-moving market.

“By reducing rates across this range and keeping products available at higher LTVs, we’re giving brokers the tools to place more clients with confidence, whether they’re first-time buyers, home-movers or existing customers looking to remortgage.”

The updated products are available through intermediary, branch, direct and online channels.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Majority of first-time buyers now face higher mortgage payments than rent

More than half of first-time buyers moving from rented accommodation into homeownership are taking...

Foundation gains workplace accreditation after 93% staff approval

Specialist lender Foundation has secured Great Place To Work certification after 93% of its...

‘The Godfather’ joins Mortgage’s Got Talent judging panel

John ‘The Godfather’ Malone has been recruited as a judge for Mortgage’s Got Talent,...

Royal London introduces AI menopause support tool for staff

Royal London has launched an AI-powered tool designed to help employees and managers access...

Your First Home delays could stall first-time buyer market

Delays in launching the government's Your First Home scheme could cause first-time buyers to...

Latest publication

Other news

Majority of first-time buyers now face higher mortgage payments than rent

More than half of first-time buyers moving from rented accommodation into homeownership are taking...

Instamo and Fluxifi AI agree integration to simplify mortgage submissions

Mortgage advisers using Fluxifi AI will gain access to Instamo's FastSubmit technology through a...

Growth can hide a lot – until it stops

Since getting involved with Rotherham United Women I've realised football and business have quite...