Newcastle BS cuts buy-to-let rates across its full range

Newcastle Building Society is cutting buy-to-let rates across its full range by up to 0.64% for borrowers going through its intermediary channel.

Related topics:  Finance
Rozi Jones
24th September 2018
To Let 338
" Buy-to-let mortgage rates are increasing and the buy-to-let market continues to readjust itself to the taxation changes made last year"

Reductions include a two year remortgage deal as well as a number of two and five-year fixed rates for remortgagors and home movers.

The largest reduction has been on the five-year fixed rate product which is now available at 3.05% with a £999 fee.

Other highlights include a two-year remortgage deal at 2.82% with no product fees and free standard valuation, £500 cashback or free legal fees and 10% overpayments per annum.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “At a time when buy-to-let mortgage rates are increasing and the buy-to-let market continues to readjust itself to the taxation changes made last year, we’re pleased to announce a reduction in our rates to give landlords and other potential investors the chance to save some money.”

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