Newcastle BS reduces its 95% LTV broker-only mortgage deal.
The Newcastle Building Society has announced that with immediate effect its 95% LTV 2 year fixed broker-only mortgage deal has been cut by 0.36%.
The rate offered on this 2 year fixed rate broker-only mortgage is now 5.59%. It comes with a £195 reservation fee, however there is no completion fee and a free valuation and free legals are offered.
You cannot contact the lender directly for this mortgage, for more information and a quote you will need to call 0800 048 8828.
The Newcastle Building Society is currently just one of many lenders who are supporting the first time buyer and lower deposit market with the release of cheaper deals at higher LTVs.
Other lenders include Accord who this week added to its range of lower deposit mortgage deals. The Cambridge Building Society has also released lower deposit mortgages along with the Saffron BS.
In addition several more lenders are now signed up the Help to Buy scheme. All in all with more affordable mortgages on offer at lower deposit levels, now is a good time to search the market for a competitive mortgage deal.
If you are looking for a mortgage, and need impartial advice and a low rate quote speak to an adviser at Deal Direct.
Deal Direct are an independent 'whole of market' mortgage broker. Our advisers offer a personalised mortgage search to find the best deals on offer market-wide. As we work solely in your interest and not the interest of the lender, you can be assured you are getting the best mortgage available for your circumstances.
Contact Deal Direct on 0800 048 8828,
and speak to an adviser.
