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New tracker from Newcastle BS

New tracker from Newcastle BS

Category: Mortgages

Updated: 09/07/2010
First Published: 09/07/2010

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 It is now over 6 months old so the content may be out of date.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 BS has made a number of rate reductions across its mortgage portfolio.

The pick of the products is its new variable rate tracker mortgage, which has benefitted from a rate reduction from 4.60% to 4.49% (bank base rate plus 3.99%).

The deal has a maximum loan-to-value of 90% and a fee of £694.

Incentives of free accident, sickness and unemployed insurance for three months add to its appeal.

The fee of £694 is affordable, although slightly cheaper fees can be found from other providers, however, this rate is one of the lowest tracker deals available at this loan-to-value regardless of term.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.