Perfect Combo for Borrowers: Low Rates, High LTV

Limetree Financial Services Limited

Perfect Combo for Borrowers: Low Rates, High LTV

Newcastle Building Society is reducing the interest rates on its 2-year fixed mortgages. What makes these lower rates amazingly good deals is that they are applied to loans up to 80% LTV.

I’m encouraged to see the market looking at favourable rates for the higher bracket LTV deals.

Newcastle are offering a rate of 2.94% on a 2-year fixed mortgage to 80% LTV. There is an £800 completion fee and £195 reservation fee. The amount borrowed must be at least £10k, up to a maximum of £1m (although the completion fee changes over £500k).

If you would prefer to pay no fees, there is a free-to-arrange 2-year mortgage which also includes a free standard evaluation (for properties up to and including £500k) and free legal fees (or £300 cashback). This one has a fixed rate of 3.47% and again is up to 80% loan-to-value.

For more details, please get in touch.

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