Newcastle Building Society launches new mortgage deals

Newcastle Building Society has bucked the trend and announced the launch of 20 new market-leading products, three of which are best buys, with competitive rates starting at 5.65%.

The range includes fee-paying and fee-free options, with fees based products requiring only £598.

The new products on offer include 14 fixed-rate deals which encompass two, three and five year fixed-rate products, as well as four discount tracker rates and two offset-only deals. Four of the fixed-rate deals are also available in offset and non-offset options. With a plethora of mortgage products available, borrowers will be able to select the mortgage product most suited to them.

Stuart Fearn, Head of Product Development at Newcastle Building Society, commented: "We are delighted to announce the launch of the Society's new mortgage product offering. With a wide selection of fee and free-free deals, ranging from fixed-rate to discount and tracker products, there are numerous options for borrowers to choose from.

"The variety of mortgage products on offer means that there will be something for everyone, especially for borrowers looking to re-mortgage at minimal cost. They will be able to take advantage of competitive rates coupled with no fees.

"CML data for June shows that 69% of applicants chose a fixed rate, versus 66% for the month of May. For those who consider rates may increase, this is a great time to fix to one of our mortgages."

For more information visit newcastle.co.uk