New fixed rate mortgage earns its stars | Product News - Moneyfacts

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New fixed rate mortgage earns its stars

New fixed rate mortgage earns its stars

Category: Mortgages
Date: 15/01/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Newcastle Building Society has unveiled a new fixed rate mortgage, which has earned a four-star review for its competitive terms.

The basics…

This deal has a competitive rate of 4.99% fixed until 31.3.17. It is available at a loan-to-value of 95% and has no fees.

The finer details…

This mortgage is open to first-time buyers, second-time buyers and remortgagors with a 5% deposit. All borrowers can benefit from an incentive package of free valuation (max £500k), while home purchasers and remortgagors in Scotland can also profit from a £300 rebate upon completion. Remortgagors in England & Wales can take advantage of the offer of free legal services.

As well as a generous incentive package, this mortgage also offers some repayment flexibility with overpayments welcomed.

Why we like it…

This mortgage is an attractive offer for borrowers who have only amassed a small deposit. The deal is given particular appeal thanks to the absence of any product fees and the provision of a very enticing incentive package, which will help to keep upfront costs down.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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