Newcastle BS launches LISA exclusive mortgage range

The Society has introduced four exclusive LISA customer mortgages available at 90% or 95% LTV.

A two-year fixed rate starts at 2.69% at 90% LTV or 2.89% at 95% LTV, while five-year fixed rates start at 2.85% at 90% LTV and 3.05% up to 95% LTV.

All products come with free standard valuation, £500 cashback, and 10% overpayments per annum.

John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “Following the launch of our Lifetime ISA in 2018, we’ve been looking at a variety of ways to help those saving for their first home onto the property ladder.

“With more preferable rates to standard mortgages, we’re excited to introduce this competitive range exclusive to our Lifetime ISA customers. It doesn’t matter how long customers have had their Lifetime ISA with Newcastle Building Society, provided they’ve saved for at least one year to access their Lifetime ISA penalty free, they’re able to apply for these mortgages.”