New low mortgage rate deals are launched by the Newcastle Building Society.

A new range of low mortgage rate deals have recently been launched by the Newcastle Building Society who are offering rates at under 4 per cent.

A low mortgage rate is being offered by the lender for its new tracker mortgage deal which is now available at 3.49 per cent above the Bank of England base rate, until the end of June 2012. The new deal comes with a £195 reservation fee and a £299 completion fee.

The lender advises that the new low rate deal comes with the added benefit of a 'switch and fix' mortgage feature. This enables those tracker mortgage customers accepted for a deal, to switch to any Newcastle fixed rate product during the tracking period without an early redemption charge.

The Newcastle also advise that a new low rate 3 year fixed option has been launched at 3.95 per cent, the product comes with a £195 reservation and £495 completion fee.

For those looking for a discount product a new deal has been launched at 3.99 per cent which comes with a £195 reservation and £299 completion fee.

Through the revision of their range the Newcastle are giving customers increased choice of tracker, discount and fixed rate mortgage options. Their new deals at under 4 per cent are competitive and also come with low product fees.

The low mortgage rate tracker deal could prove highly popular, as it allows customers to switch to a fixed option at any time during the agreed tracker period without incurring an early repayment charge.

For a low rate mortgage deal contact Deal Direct's skilled brokers who will source a great deal on your behalf from the entire UK mortgage market.