UK-based Newcastle Building Society has launched four fixed rate and one discount rate mortgages.
This product range includes three fixed rate mortgages at ‘best buy’ rates – 5.45% fixed for two years, 5.35% fixed for five years and a ten year fixed at 5.55%. The offering also includes 0.16% below Bank of England base rate discount mortgage for two years.
Steve Urwin, assistant general manager for marketing and new media at Newcastle Building Society, commented: We are delighted to be launching a range of highly competitive mortgage products. Our five year fixed rate in particular offers great value for those who would like security for the medium term. The direction of the Bank of England base rate remains in the balance. This product range therefore offers borrowers the peace of mind that they are fixing their mortgage at a competitive rate and securing themselves against market turbulence.