Newcastle Building Society launches mortgages


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Newcastle Building Society has launched three new fixed rate mortgages for borrowers across the UK.

The company's new deals have terms ranging from three to ten years, with each also including a reservation fee of £99 and a maximum loan to value of 75 per cent.

According to the lender, its three-year deal features a rate of 6.05 per cent, while the five and ten-year deals both include one of 5.95 per cent.

Steven Marks, lending and operations executive of Newcastle Building Society, said: "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."

NatWest recently announced the launch of a new step down tracker product.

The lender's three-year deal is fee-free and includes a facility which allows borrowers to change to another of the company's fixed rate deals after three months.

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