Newcastle cuts two-year residential mortgage rates

Newcastle for Intermediaries has announced a reduction in rates across its two-year residential mortgage range for both house purchase and remortgage.

The lender has reduced rates by up to 0.20% across its two-year proposition, with the revised two-year fixed rates available up to 95% LTV for both house purchase and remortgage, and fee assisted options designed to help manage upfront costs.

Francesco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “Brokers are telling us clients need straight-forward, reliably priced two-year options as they make decisions in a fast-moving market. 

"By reducing rates across this range and keeping products available at higher LTVs, we’re giving brokers the tools to place more clients with confidence, whether they’re first-time buyers, home-movers or existing customers looking to remortgage.”