Newcastle Intermediaries has refreshed its range of mortgage products with a focus on first time buyers.
The lender has revised its range of mortgages with a maximum loan to value (LTV) of 95%.
The range includes fixed rate deals of between two and five years with a range of fees and incentives to suit specific customer needs.
The two year fixed product at 3.89% (5.7% APR), comes with no reservation or completion fees, a free standard valuation and £500 cashback.
Newcastle Intermediaries is also offering a fixed rate deal which includes free legal fees on house purchases available at a maximum LTV of 95%. A two year fix at 4.05% (5.8%APR) includes no reservation or completion fees, a free standard valuation and free legal fees.
The enhanced free legal package includes all standard legal costs including Land Registry fees, Land Registry Priority Search, Bankruptcy Searches, Property Searches (such as Local Authority, Water and Drainage Fees) and VAT.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re starting the year as we mean to go on, by giving a real helping hand to first time buyers.
“Our product range is ideal for first time buyers looking to keep the costs of purchasing their first home down, and the choice of rates and fixes will help brokers find the right choice for their clients.
“We understand that buying a home, especially a first home, is an exciting but daunting time and we hope to be able to make the experience much easier and straightforward.”
