The product offers a 95% loan to value (LTV) on top of a free standard evaluation for remortgages worth up to GBP410. Alternatively, a GBP250 cashback is available.
The mortgage provides a minimum loan of GBP15,000 and a maximum loan of GBP500,000, available at any Newcastle Building Society branch, online or via a contact center.
This product offers buyers the opportunity to fix their repayments for five years with the certainty that there will be no change; regardless of Bank of England decisions, commented Steve Urwin, senior executive for marketing and new media at Newcastle Building Society. With a choice of a free valuation up to GBP410, or GBP250 cashback, this mortgage is suitable for most borrowers, whether they are re-mortgaging or first time buyers looking for as much financial help as possible.
