Newcastle Intermediaries has added 10 new deals to its existing range of mortgage products.
The lender now offers products across every loan-to-value (LTV) arena from 60 per cent to 95 per cent, with or without fees, giving more choice and flexibility to borrowers.
The range includes two remortgage exclusives, the first available at 1.79 per cent up to a maximum LTV of 60 per cent and the second at 1.83 per cent up to 70 per cent LTV.
Both products come with no product fees, a free standard valuation (up to £500,000) and free legal fees, making the cost of remortgaging low.
Alternatively, both of these rates are also available for house purchases and remortgagers with a free valuation and £200 cash back.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’ve reassessed our entire mortgage range and have introduced products that are even more relevant to the marketplace.
“We feel it is important to offer products across the LTV range, while catering to the individual needs of borrowers by offering fees assisted alternatives where they may need to free up cash during the move.
“The additional products on offer show our commitment to helping brokers find the right choice for their customers.”
A 10-year fixed rate of 2.86 per cent is available up to a maximum 80 per cent LTV. This deal comes with fees of £999.
Newcastle is certainly putting effort into ensuring it is a lender that will have something for everyone, from mainstream to the more niche areas.David HollingworthFirst-time buyers can also get a two-year fixed rate at 3.24 per cent up to a maximum 95 per cent LTV.
David Hollingworth, associate director of communications at L&C Mortgages, said in the current market it is important for lenders to be able to offer a full suite of products to meet client requirements and also make for a fuller proposition for brokers.
He said: “Borrowers expect to have a choice of deal and for a lender to tailor deals for their situation, whether they want to buy their first home with a small deposit or to remortgage to a better deal without facing set up costs.
“Newcastle is certainly putting effort into ensuring it is a lender that will have something for everyone, from mainstream to the more niche areas.”
emma.hughes@ft.com
