Newcastle BS launches 98% LTV option for FTBs with low deposits

Newcastle for Intermediaries launches 98% LTV mortgage for FTBs

Newcastle for Intermediaries has launched First Step, a mortgage for first-time buyers (FTBs) with smaller deposits.  The product offers lending up to 98% loan-to-value (LTV), with a minimum cash deposit of £5,000 – customers can borrow up to £350,000.  The 5-year fixed rate is set at 5.25% (6.2% APRC) and includes a free standard valuation on properties up to £550,000, as well as 10% overpayments per year. The product, initially launched with L…

Newcastle for Intermediaries launches 98% LTV product for FTBs  – Mortgage Strategy

Newcastle for Intermediaries has launched a low-deposit mortgage aimed at first-time buyers with smaller deposits.  The mutual’s First Step product lends up to 98% loan to value, with a minimum cash deposit of £5,000 and a maximum loan size of £350,000. A five-year fixed rate…The post Newcastle for Intermediaries launches 98% LTV product for FTBs  appeared first on Mortgage Strategy.

Newcastle BS launches 98% LTV option for FTBs with low deposits

Newcastle Building Society has brought out its First Step deal, a 98% LTV product that is aimed at first-time buyers with smaller deposits.