Newcastle Intermediaries has re-entered the two-year 95% LTV market.
The lender says it made the move in light of broker feedback and to support first-time and low deposit borrowers in achieving their homeownership dream.
The refreshed proposition offers a two-year fixed rate at 6.44% (7.1% APRC) up to 95% LTV, available with no product fees, a free standard valuation and £200 cashback. The range also offers a two-year fixed rate at 5.99% (7.1% APRC) up to 95% LTV with a £999 product fee.
Both products are available for either house purchase or re-mortgage, offer up to 10% overpayments and come with early repayment charges of 2% until 28 February 2025 and 1% until 28 February 2026.
Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “We’re always listening to broker feedback and looking for ways to increase support for clients. That’s why we’ve reintroduced a competitive range of two-year products to meet the needs of first-time buyers and low deposit borrowers looking for a shorter-term deal.”
