Newcastle BS launches new fixed rate mortgages

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Newcastle BS launches new fixed rate mortgages

Mon, 28 Jul 2008

Newcastle Building Society has launched a new range of mortgages, it has been announced.

In news that should please anyone that is trying to find a mortgage, the company has begun offering what it terms as three of the best deals around.

The fixed rate mortgages, which last for three, five and ten years, have interest rates starting at 5.95 per cent.

The three-year mortgage deal offers a rate of 6.05 per cent, while the five and ten-year deals will charge 5.95 per cent.

Steven Marks, lending and operations executive for the firm, said: "We are delighted to announce the launch of the Society's new mortgage product offering."

The launch of the new products means that people will have greater choice in "difficult market conditions", he added.

Last week, Yorkshire Building Society cut the mortgage rates on a selection of its fixed rate deals by up to 0.5 per cent.

The firm also launched a new two-year fixed rate mortgage at 4.99 per cent.

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