Newcastle Intermediaries has introduced the long term fixed rate product to its panel of mortgage brokers at a time when borrowers are looking to fix before a potential Bank of England rate rise.
The deal comes at a maximum LTV of 80% with a £199 reservation fee and £1,300 completion fee. The product is available to Sesame, Openwork, L&G, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.
Steven Marks, Corporate Development Executive, Newcastle Intermediaries, said: “This is a very competitive product and believe it will support our brokers’ clients needs well, particularly those borrowers that hope to secure their mortgage payments in the long term ahead of a potential BOE rate rise.”
Newcastle Intermediaries has also refreshed a number of its products including its popular fee free five year fixed rate product which is available upto 80% LTV. This product has a rate of 2.91% with no reservation or completion fees and includes free standard valuation and free standard legal fees for remortgage customers (£300 cashback for house purchases).
