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Newcastle Building Society

ABOUT Newcastle Building Society

Newcastle Building Society is the biggest building society based in the North East of England and is currently the 13th largest in the UK with assets of over £3.4 billion.

It is a mutual organisation, and can afford to offer more competitive rates than other lenders.

Its profits are invested back into the business and not paid out in the form of dividends to shareholders.

Newcastle’s origins go back to 1861, although its current format is the result of a merger between the Grainger and Newcastle Permanent Building Societies in 1980.

Newcastle Building Society has a strong presence in the North East of England, and their offices stretch from as far as Falkirk in the north to Peterborough in the south and overseas to Gibraltar. Newcastle presently employs over 830 people on a full or part time basis. Newcastle offers the following types of mortgage:

Variable
Discount
Base Rate Tracker
Fixed Rate
Offset Base Rate Tracker

Newcastle Building Society Mortgage Products

Variable: your mortgage rate will be set at the Society’s standard variable rate for the whole mortgage term Interest is calculated Daily. This product is portable. An early repayment charge applies in the first 2 years. An administration fee applies. A higher lending charge applies. Discount: your initial rate will be set at a discount off the Society’s standard variable rate for an agreed period. After the discount period has finished your rate will revert to the standard variable rate. Interest is calculated Daily. This product is portable. An early repayment charge applies for the discount period. Base Rate Tracker: your initial interest rate is linked to, but is not the same as, the Bank of England Base Rate for an agreed period. After the Tracker period has finished your rate will revert to the Society’s standard variable rate. Interest is calculated Daily. This product is portable. An early repayment charge applies for the tracker period. Fixed Rate: your initial mortgage rate will be fixed for an agreed period. Once the fixed rate period has finished your mortgage will revert to the Society’s standard variable rate for the rest of the mortgage term. Interest is calculated Daily. This product is portable. An early repayment charge applies. A higher lending charge applies.
Offset Base Rate Tracker: your initial interest rate is linked, but is not the same as, the Bank of England Base Rate for an agreed period. After this initial 6 month period has finished your rate will revert to a higher rate but still linked to the Bank of England base rate. The offset part of this product allows you to offset your savings against the balance of your mortgage. This could save you money and let you repay your mortgage early. There are no early repayment charges. If you are interested in a mortgage quotation including those offered by Newcastle Building Society please complete our quick enquiry form. Newcastle has a commercial lending section that lends on commercial property in England, Scotland and Wales Newcastle also offer mortgage advice for the following types of mortgage: Adverse Credit Self-Certification Buy to Let Enhanced lending – 100%+ Loan to Value Self Employed Building your Own Home They will search the market place at no initial cost to try and uncover the best mortgage for you.

Newcastle Building Society Mortgage Products

Variable: your mortgage rate will be set at the Society’s standard variable rate for the whole mortgage term

Interest is calculated Daily. This product is portable. An early repayment charge applies in the first 2 years. An administration fee applies. A higher lending charge applies.

Discount: your initial rate will be set at a discount off the Society’s standard variable rate for an agreed period. After the discount period has finished your rate will revert to the standard variable rate.

Interest is calculated Daily. This product is portable. An early repayment charge applies for the discount period.

Base Rate Tracker: your initial interest rate is linked to, but is not the same as, the Bank of England Base Rate for an agreed period. After the Tracker period has finished your rate will revert to the Society’s standard variable rate.

Interest is calculated Daily. This product is portable. An early repayment charge applies for the tracker period.

Fixed Rate: your initial mortgage rate will be fixed for an agreed period. Once the fixed rate period has finished your mortgage will revert to the Society’s standard variable rate for the rest of the mortgage term.

Interest is calculated Daily. This product is portable. An early repayment charge applies. A higher lending charge applies.

Offset Base Rate Tracker: your initial interest rate is linked, but is not the same as, the Bank of England Base Rate for an agreed period. After this initial 6 month period has finished your rate will revert to a higher rate but still linked to the Bank of England base rate. The offset part of this product allows you to offset your savings against the balance of your mortgage. This could save you money and let you repay your mortgage early.

There are no early repayment charges. If you are interested in a mortgage quotation including those offered by Newcastle Building Society please complete our quick enquiry form.

Newcastle has a commercial lending section that lends on commercial property in England, Scotland and Wales

Newcastle also offer mortgage advice for the following types of mortgage:

Adverse Credit
Self-Certification
Buy to Let
Enhanced lending – 100%+ Loan to Value
Self Employed
Building your Own Home

They will search the market place at no initial cost to try and uncover the best mortgage for you.

Current Newcastle Building Society Mortgage Offers

Newcastle Building Society Mortgage News
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New Newcastle mortgages Newcastle sets out to help first-time buyers Fee-free offset mortgage by Newcastle New mortgages from Newcastle Charcol, Newcastle launch 'Triple Protector' mortgage Competitive mortgage rates offered by Newcastle New fixed-rate mortgage from Newcastle New mortgages from Newcastle

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