Newcastle Intermediaries has introduced a new range of 10-year fixed-rate products, following an increase in consumer demand for longer-term options.
The newly introduced range includes products at up to 80%, 90% and 95% LTV. A 10-year fix at 6.05% (6.6%APRC) until 31/01/34 is available with a maximum LTV of 95%, with a product fee of £999 and allowing 10% overpayments per annum.
A 10-year fix at 6.15% (6.6% ARPC) is also available at a maximum LTV of 95%, with no product fees, a free standard valuation and £200 cashback.
Franco Di Pietro, head of intermediaries at Newcastle Building Society, said: “We’re always adapting our range to meet the demands of the market and, as borrowers look to safeguard their monthly mortgage repayments over the longer-term, our attractive range of 10 year fixed-rate products provide additional options and flexibility to meet the requirements of brokers and their clients.
“Not only will this range provide borrowers looking for a longer-term fix with greater choice and increased payment certainty, but our 6.05% rate provides better value to those particularly concerned about the growing pressures on household finances.”
