New fixed rate mortgage enters the charts | Product News - Moneyfacts

Product News

New fixed rate mortgage enters the charts

New fixed rate mortgage enters the charts

Category: Mortgages
Date: 12/02/2015

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 It is now over 6 months old so the content may be out of date.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 competitive five-year fixed rate mortgage, which has moved straight into the Moneyfacts charts.

The basics…

This mortgage has a rate of 2.99% fixed until 30.4.20, earning it a leading position in the charts for its sector. It is available at a loan-to-value (LTV) of 80% and has no fee payable for those borrowing £500,000 or less (a fee of 0.30% of the advance is charged for borrowing above this level).

The finer details…

This deal is open to first-time buyers, homemovers and remortgagors with a 20% deposit. Although there is no incentive package with this mortgage, all borrowers can benefit from the option to make regular or lump sum overpayments.

Why we like it…

This new deal is sure to pique interest among borrowers with its competitive rate and the absence of a fee for mortgages below £500,000. The option of overpayments further enhances its appeal and ensures it a comfortable place among the best buys.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close