The lender has offered fixed rates up to 95% loan to value (LTV) since 2011 and this move indicates a continuous commitment to helping first time buyers onto the property ladder.
The products include a range of fixed term deals between 2 and 5 years for new build mortgages, which are valid for six months. All of these products offer a free valuation and £300 cash back, with the added benefit of overpayments up to 10% permitted without penalty.
There’s also a remortgage product, fixed for 3 years at 2.35% (5.1% APR) with no product and legal fees. Available up to a maximum of 75% LTV, this deal is aimed at those borrowers with their initial Help to Buy mortgages maturing.
Wayne Curry, Managing Director of leading New Build firm, Safeguard Financial Services said, “It’s great to see Newcastle Intermediaries supporting home buyers in the North East and beyond, through the ever popular new build Help to Buy scheme. Newcastle Intermediaries is also offering Help to Buy remortgage products, giving customers even more choice in the market place.”
