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Newcastle BS launches 20 new mortgages

Mon, 18 Aug 2008

Newcastle Building Society has launched 20 new mortgages products, it has been announced.

According to the mortgage lender, three of the new deals are best-buys with rates starting as low as 5.65 per cent.

The deals include 14 new fixed rate mortgages with terms of between two and five years.

Stuart Fearn, head of product development at the building society, said: "The variety of mortgage products on offer means that there will be something for everyone, especially for borrowers looking to remortgage at minimal cost."

People will be able to take advantage of competitive rates combined with no fees, he added.

Last week, David Finlay mortgage intermediary business director at Woolwich claimed that the mortgage market is beginning to show signs of recovery.

Mr Finlay explained that this means the cost of fixed rate mortgages is falling and people should have access to a wider range of deals than in the recent past.
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