As well as the new range, the Society has also lowered the rate on its existing best-buy Five Year Fixed Rate to 4.89% and increased the maximum LTV to 80%.
Steve Urwin, Senior Sales and Marketing Executive at Newcastle Building Society, said: "Just as the Bank of England have indicated net mortgage lending has increased, the Newcastle is pleased to be able to introduce the new mortgages with maximum LTVs of 80% across the range and we expect these products to feature in most best-buy tables. The Society has also lowered the market-leading five-year fixed rate mortgage to 4.89% which is further commitment to lending and providing good value to our members.
"The new range from the Newcastle will give homeowners and first-time buyers the opportunity to choose a product that suits their individual needs in terms of the type of mortgage they require and its duration."
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