According to the lender, a two-year fixed rate is available at 2.05% with no reservation or completion fees, a free standard valuation and £200 cash back incentive.
A three-year fix is available at 1.85% and a ten-year fixed rate is on offer from 3.29%, also with no reservation or completion fees, a free standard valuation and £200 cash back incentive.
Newcastle Intermediaries has announced that it has also increased the level of overpayments allowed without penalty across its residential range. These products allow borrowers to overpay by 10% of their mortgage balance per annum, over and above the existing policy which allows £499 regular monthly overpayments.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “We’re pleased to be able to support borrowers with a 20% deposit with such a strong and competitive range of products.
In the current climate, we feel it’s important to offer a suite of fixed terms to cater for a range of different needs and hope that these products can help brokers find the right choice for their customers.”
