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Newcastle Building Society launches market-leading mortgages

11 May 2005
Newcastle Building Society announced the launch of a market-leading range of new mortgages yesterday.

The three mortgages, featuring extremely competitive rates, include a two year fixed rate deal, a five year fixed rate plan and a three year discounted rate loan.

The two year product is fixed at 4.67 per cent until July 31st 2007, and is available for up to 90 per cent loan to value (LTV).

The fixed rate jumps to 4.85 per cent for the five year product, with 85 per cent LTV available until July 31st 2010.

LTV is available for up to 90 per cent, meanwhile, on the three year discounted product, which is 2.22 per cent below Newcastle Building Society's standard variable rate (SVR), giving it a starting rate of 4.58 per cent on loans of up to 90 per cent LTV.

"Newcastle is committed to providing competitive products to its members," said Steve Urwin, assistant general manager of marketing and new media at Newcastle Building Society, stated.

"In the current market, borrowers need to make sure they find the best deal available and we are proud that we are able to offer customers 'best buy' rates on all the new mortgages in our range."

Click here to compare the best mortgage deals around.

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