Newcastle Building Society has unveiled a new fixed rate mortgage, which has earned a four-star review for its competitive terms.
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.
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.
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 Any products featured may be withdrawn by their provider or changed at any time.
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