News
Newcastle Building Society launches new mortgage products
New mortgage products designed specifically to help people with a 10% deposit get onto the housing ladder have been launched by Newcastle Building Society.
The products offer a maximum loan-to-value of 90% and include the options of a two-year tracker at 4.60% or a two-year fixed rate at 5.95%.
For these 90% LTV products, the Newcastle allows multiples of up to 3.25 times an individual’s annual salary, or three times the joint salary of a couple. These limits are specifically set to support affordability for the loan.
A base rate tracker version is also available at a rate of 4.10% above the Bank of England Base Rate.
