Newcastle Building Society launches new 95% LTV mortgage range.
For lower deposit buyers the Newcastle BS has released two new 5% deposit mortgage deals.
Its 95% LTV mortgage range now includes a 2 year fixed rate deal available fee free at 5.39%. For those looking for a longer term level of security the lender has a 5 year fixed rate mortgage at 5.49% which is also offered fee free.
In addition to these 5% deposit fixed rate deals, the lender also has introduced a 2 year tracker available for up to 80% LTV offered at base plus 1.8%. At the end of the agreed term the deal reverts to the lender's SVR which is currently set at 5.99%. A fee is charged for this mortgage at £199 for product reservation and £299 for mortgage completion.
A 2 year fixed rate version is also available for up to 80% LTV at 2.98%. This mortgage has no reservation fee, however a 0.3% completion fee is charged for mortgages over £ half a million.
For impartial advice and a low rate quote call Deal Direct.
0800 048 8828.
