Newcastle Intermediaries launches new 60% LTV remortgage products

In response to consumer demand and feedback from intermediary partners, the lender has introduced a two-year fixed rate at 2.95% at a maximum of 60% LTV.

A five-year fix at 3.10% is also available at 60% LTV. Both products are for remortgage customers only and come with zero product fees, offer a free standard valuation and free legal fees (should the Society‘s solicitor be nominated).

Franco Di Pietro, head of intermediary mortgages, said: “We know that with the rising cost of living and recent increases to base rate, even more homeowners are looking to remortgage on the best possible terms.

"By introducing two new 60% products and assistance with fees, we’re giving brokers and their clients some competitive options backed by our flexible approach to underwriting and leading service levels.”