Newcastle Mortgages
Best Newcastle Mortgage Rates
Newcastle Mortgages
Newcastle Building Society is the North East’s biggest building society and one of the largest in the UK overall. They offer fixed rate, variable and tracker mortgages for current homeowners and first time buyers.
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- 4.85% Initial
- 5 year fixed
- 6.2% APRC
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- 4.90% Initial
- 2 year fixed
- 6.8% APRC
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- 4.95% Initial
- 5 year fixed
- 6.2% APRC
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- 4.99% Initial
- 5 year fixed
- 6.3% APRC
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- 5.09% Initial
- 2 year fixed
- 6.8% APRC
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- 5.10% Initial
- 2 year fixed
- 6.7% APRC
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- 5.14% Initial
- 5 year fixed
- 6.3% APRC
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- 5.20% Initial
- 5 year fixed
- 6.3% APRC
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- 5.20% Initial
- 2 year fixed
- 6.8% APRC
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- 5.29% Initial
- 2 year fixed
- 6.8% APRC
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Compare Newcastle mortgages
Choosing a mortgage requires you to understand the different types of products available and which of them best matches your borrowing needs and personal circumstances. Newcastle Building Society offer a range of different borrowing options.
Loan to value ratio
When researching your mortgage options, you will frequently see providers talking about how a specific product allows you to borrow up to a certain percentage LTV or loan to value ratio. This is a way of showing how much you will be able to borrow with that kind of mortgage relative to the value of the property in question.
So a mortgage offering up to 70% LTV on a £100,000 house would allow you to borrow up to £70,000. You will need to fund the balance yourself in the form of a deposit, paid as a lump sum up front. Lenders will tend to offer you better interest rates on mortgage deals with a lower LTV.
First Time Buyer mortgages
Newcastle Building Society will allow you to borrow up to an LTV of 95% on your first home, making it much easier for first time buyers to get together the necessary deposit. They also offer an All in One mortgage that does not require borrowers to pay many of the fees typically charged on other mortgages to make the process more affordable.
Remortgaging with Newcastle Building Society
There are many reasons why remortgaging can be a good idea. These include the ability to get a better deal and cut your monthly payments, wanting to borrow more or wanting to overpay but not being allowed to by your current lender. A new mortgage can allow you to pay off part of the capital on your loan, get a better interest rate or end up with a lump sum left over.
Second charge mortgages
If you are happy with your current mortgage but need to borrow more it may make more sense to take out a separate secured loan, often known as a second charge mortgage. This can allow you to access extra money without interfering with your existing mortgage. It is often possible to borrow up to a combined LTV of 90% using a second charge mortgage.
Find the best deals on mortgage rates
With such a range of different providers offering so many different kinds of mortgages, knowing which is the right choice for you can present a challenge. Our mortgage calculator (see top of the page) is designed to make the process of getting a great deal on your mortgage much simpler.
All you have to is plug in some basic details about your borrowing needs and the calculator will then match you up with the most likely matches from across the mortgage market. You can then compare the different deals and see which offers the best value for you.