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Newcastle Intermediaries unveil two new 80% LTV products

23 October 2020 | General

Newcastle Intermediaries has added two 80% LTV mortgages with rates as low as 1.89%.

The two and five-year fixed rates can be used to support customers purchasing a home or remortgaging for a cheaper deal.

A two year fixed rate at 1.89% is available at a max LTV of 80%. An early repayment charge of 2% applies until 31 January 2022 and 1% until 31 January 2023.

For borrowers wanting to fix for longer, a five-year fixed rate at 2.29% is also available at a max LTV of 80%. An early repayment charge of 5% applies until 31 January 2022, 4% until 31 January 2023, 3% until 31 January 2024, 2% until 31 January 2025 and 1% until 31 January 2026.

Both mortgages come with product fees of £999 and offer 10% overpayments per annum to support customers who require the flexibility to make lump sum capital payments.

John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We’re pleased to be introducing a further two competitive 80% mortgages to our current offering to increase product options for brokers and their clients.”

This post has originally been featured in Property Wire.