Newcastle Intermediaries cuts product transfer rates

Two-year fixed rates now start at 4.79% up to 60% LTV.

Related topics:  Mortgages
Rozi Jones
12th December 2022
Newcastle Building Society
"We are deeply committed to fostering long-term relationships with our broker partners, not just transient interactions"

Newcastle Intermediaries has reduced rates across its product transfer range for existing customers.

Rates include a two-year fixed rate at 4.99% up to 60% LTV with no product fees.

Also available is a two-year fixed rate at 4.79% up to 60% LTV with a £999 product fee.

Both products offer up to 10% overpayments per annum.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We are deeply committed to fostering long-term relationships with our broker partners, not just transient interactions, that’s why we’re continually striving to enhance our proposition, with a product range that delivers value for both new and existing customers.

“We believe in rewarding our existing customers by offering them preferential rates, so to acknowledge this loyalty and say thank you, we’re reducing rates for existing customers looking to product transfer with us.”

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