Newcastle Building Society (NBS) has released new fees-free mortgage products.
The Society says it has introduced the two-, three- and five-year 80 per cent loan-to-value (LTV) products in a bid to support borrowers who are looking to keep their upfront costs low.
Key features include:
– Two-, three- or five-year fixed-rate products
– Available up to a max LTV of 80 per cent
– All are available without completion or reservation fees.
– And some come with free standard valuation and legal fees
– Two year products come with no early repayment charges
The range of terms and product options also aims to support borrowers who want a greater level of flexibility and choice in an environment where there continues to be discussions about a rise in base rate within the next 12 months.
Steve Urwin, sales and marketing executive at NBS, comments: “There is a demand for fixed-rate products given borrowers are worried interest rates will rise. Therefore, they want to make sure they are attached to products over a term beneficial to them, which offers the reassurance of regular monthly payments.
“We regularly assess our mortgage range and are pleased the latest offering gives borrowers the opportunity to make up front savings, with the fee free option, while taking on a competitive rate of interest.”
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