Newcastle extends 80% LTV mortgage range

Newcastle Building Society has introduced mortgages at up to 80 per cent loan-to-value over two, three and five-years starting from 2.49 per cent - some of which carry no early repayment charges.

With an initial rate of 2.49 per cent the Newcastle's two-year tracker product is also available at 3.55 per cent without ERCs.

As well as the range, the society has also lowered the rate on its five-year fixed rate to 4.89 per cent and increased the maximum LTV to 80 per cent.

Steve Urwin, senior sales and marketing executive at Newcastle Building Society, said: "Just as the Bank of England have indicated net mortgage lending has increased, the Newcastle is pleased to be able to introduce the new mortgages with maximum LTVs of 80 per cent across the range and we expect these products to feature in most best-buy tables".

Posted at 09:14PM Dec 03, 2009 by Kelly Board in Mortgages & Housing Market  |  Comments[0]