Newcastle Building Society (NBS) has added two new fixed rate products to its mortgage range.
Firstly, it is offering a five-year fix, available up to 80% LTV at 3.75%.
The product also comes without a completion fee, although where loans exceed £500,000 the completion fee will be 0.30% of the advance amount. There is a £199 Reservation Fee, payable upfront and non-refundable.
Steve Urwin, sales and marketing executive at NBS, said: “With current discussions taking place around when interest rates will go up it makes sense, if you prefer the security of knowing what your monthly payments will be, to fix now.
“This is a very competitive product in the marketplace and something that those with a larger deposit will hopefully be attracted to.”
Alternatively, for those wishing to fix for a shorter period of time there is an 80% LTV two-year no fees product at 3.10%. There are no completion, reservation, valuation or legal fees.
