Newcastle Building Society launches new fixed-rate mortgage products

A Newcastle Building Society product story

Edited by the Insidemoneytalk editorial team Jul 28, 2008

Newcastle Building Society has announced the launch of three new best buy fixed-rate mortgage deals on three and five and ten year terms, with competitive rates starting at 5.95%.

Key product details: Three year best buy mortgage: 6.05% Fixed Rate until 30.09.2011 (London and Country).

?999 Completion Fee.

?99 Reservation Fee.

Max LTV 75%.

Five year best buy mortgage: 5.95% Fixed Rate until 30.09.2013 (moneysupermarket.com) ?1399 Completion fee.

?99 Reservation fee.

Max LTV 75%.

Ten year best buy mortgage: 5.95% Fixed Rate until 30.09.2018 (moneysupermarket.com).

?999 Completion fee.

?99 Reservation fee.

?Max LTV 75%.

These products are offered on loans between a?15,000 and ?500,000.

(Loans over ?500,000 are subject to prior agreement).

Early repayment charges apply at 3% of the outstanding balance for the fixed rate term.

Steven Marks, Lending and Operations Executive, commented: "We are delighted to announce the launch of the Society's new mortgage product offering.

With a plethora of best buy deals available, borrowers have a healthy selection of products to choose from, especially in such difficult market conditions.".