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Plethora Of New Deals At Newcastle |
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(18th August 2008)
Newcastle Building Society has launched 14 new fixed-rate mortgage products aimed specifically at borrowers looking to mortgages.com" title="" target="_parent">re-mortgage as they reach the end of their current homeowner loan deals.
The 14 new mortgages, which include two, three and five-year fixed-rate deals, are supplemented with four discount tracker products and two off-set only mortgages.
Newcastle's focus on fixed-rate products comes as a result of its latest home loan sales figures for June, which show a three per cent increase in the number of people choosing to fix the mortgages.com" title="" target="_parent">interest rate of their home loan.
Borrowers on applying for a fixed-rate now account for almost 70 per cent of Newcastle's mortgage business.
Stuart Fearn, head of product development at Newcastle building society, said: "We are delighted to announce the launch of the society's new mortgage product offering."
"For those who consider rates may increase, this is a great time to fix to one of our mortgages," he added.
According to London & Country mortgage broker David Hollingworth, there is now a downward trend in mortgages.com" title="" target="_parent">mortgage rates as the conditions in international money markets ease, reports the Independent.
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