Newcastle Intermediaries has launched a new two-year fixed rate mortgage for re-mortgaging customers.
The product is fixed at 1.99% (5.4% APR) for two years and is available at a maximum loan-to-value (LTV) of 80%, with the ability to overpay by 10% each year.
It also comes with free valuation and legal fees.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “The cost of re-mortgaging can often be a challenge for borrowers each time their mortgage deal expires. This product offers a low fixed rate in an uncertain economy, with the flexibility of overpaying up to 10% each year.
“The free standard valuation and legal fees means there are some upfront savings to be made too.”
What Mortgage has teamed up with London & Country to offer you expert advice on the right mortgage deal.
Whether you’re buying a new home, remortgaging to a new deal or buying an investment property, L&C can help – and you’ll pay no fee for their advice. To find out more, click here.
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