Brokers: are you happy with Newcastle's products or are there more competitive ones?A press release from them says: Newcastle Intermediaries has launched a 10-year interest-only mortgage product to increase long-term borrowing options.&nbsp;The 10-year interest only fixed rate is available at 3.55% up to 80% LTV on house purchases and remortgages up to £1million.The product comes with a £999 completion fee and the flexibility of 10% overpayments per annum. Also, Newcastle has also launched a 10-year repayment and a 7-year fix.&nbsp; &nbsp;

mortgages

financial services

Newcastle launches interest-only 10-year fix

Who can say where they'll be living in 10 years time with enough of a degree of certainty? Not many. And that's why super long term fixes are going to stay a niche product.

Rhys Schofield

Rhys has worked in the financial services industry for the last 13 years, winning a number of accolades along the way. His final employed ‘job’ was overseeing 27 mortgage brokers where he won top Divisional Director for Just Mortgages in 2018. To top it all off – he made the final three for top Protection Broker at the 2020 British Mortgage Awards!

Keen to develop a fantastic customer journey to its full potential, he set up Peak Mortgages and Protection in 2019. He has taken all of the great elements picked up over the years to create an end to end process that clients feel at the heart of and that is what good advice should look like.

He has been nominated for a number of awards over the past two years and specialises in protection, as well as mortgages. 

Newcastle launches interest-only 10-year fix

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Rhys Schofield

Brand Director at Peak Mortgages and Protection

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