Newcastle Intermediaries has introduced a new range of 10-year fixed rate products, following an increase in consumer demand for longer-term options.
The newly introduced range includes products at up to 80%, 90% and 95% loan-to-value (LTV). A 10-year fix at 6.05% until 31 January 2034 is available with a maximum LTV of 95%, with a product fee of £999 and allowing 10% overpayments per annum.
The society confirmed that a 10-year fix at 6.15% is also available at a maximum LTV of 95%, with no product fees, a free standard valuation and £200 cashback.
Head of intermediaries at Newcastle Building Society, Franco Di Pietro, said: “We’re always adapting our range to meet the demands of the market and, as borrowers look to safeguard their monthly mortgage repayments over the longer-term, our attractive range of 10-year fixed rate products provide additional options and flexibility to meet the requirements of brokers and their clients.
“Not only will this range provide borrowers looking for a longer-term fix with greater choice and increased payment certainty, but our 6.05% rate provides better value to those particularly concerned about the growing pressures on household finances.”
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