Newcastle for Intermediaries has launched a range of three-year fixed rate products to meet growing demand from customers for medium-term repayment certainty.
Two new three-year fixed rate products are available at up to 80% loan-to-value (LTV) for purchases and remortgages.
There is a three-year fixed rate of 4.90% with a product fee of £999 (APRC 6.6%) and a fee-assisted three-year fix of 5.10%, which comes with no product fee and a free standard residential valuation (APRC 6.6%).
Both products have an early repayment charge of 3% until 31.07.2026, 2% until 31.07.2027 and 1% until 31.07.2028
Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “In response to broker feedback and customer demand for medium-term repayment certainty, we’re pleased to launch a new range of three-year fixed rates.”
“This provides customers with a competitive option for those looking for choice in an uncertain market. The fee-assisted product gives a further option for brokers and their clients, while our flexible approach to lending and overall proposition supports a range of borrowers and their circumstances.”
