Newcastle BS cuts rates and adds trackers; Principality cuts PT rates – round-up
Newcastle Building Society has lowered mortgage rates by up to 25 basis points across selected residential mortgages.
The cuts have been applied to selected purchase, remortgage and product transfer options on deals up to 95% loan to value (LTV).
The mutual has also launched base rate tracker products. This includes a two-year tracker at 80% LTV, priced at 4.45% with a £999 fee, an option at 90% LTV with a rate of 4.65% and an option at 95% LTV with a rate of 4.99%.
Newcastle Building Society has also added an interest-only tracker at 85% LTV with a rate of 4.6% and a buy-to-let tracker at 80%, priced at 4.6%.
Michelle Ash, national account manager at Newcastle Building Society, said: “We’re committed to providing brokers with a broad range of competitive solutions that help them support clients at every stage of their homeownership journey.
“By reducing rates across selected products and introducing new base rate tracker options, we’re giving brokers greater flexibility to tailor recommendations to individual circumstances and preferences. Whether clients are looking for longer-term certainty, support with upfront costs, or the opportunity to benefit from any future reductions in base rate, these latest enhancements ensure brokers have even more choice available through Newcastle for Intermediaries.”
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Principality BS cuts product transfer rates
Principality Building Society has reduced its product transfer mortgage rates, effective from 2 September.
Across its residential range, the two-year fixes at 65% LTV have been lowered by 0.2%, three-year fixes by 0.15% and five-year fixes by 0.1%.
The lender has lowered other residential rates by up to 0.15%, including deals at 75% and 85% LTV, shared ownership rates at 95% LTV and a three-year fix at 90% LTV.
The mutual has also lowered buy-to-let and holiday let rates at 60% and 75% LTV by up to 0.15%.
