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Newcastle Building Society – 5-Year Fixed – Direct

Newcastle Building Society – 5-Year Fixed – Direct

Type: Fixed-rate mortgage

Fixed term: Until March 31, 2016

Fixed rate: 5.6%

Minimum loan: £50,000

Maximum loan: Up to 80% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to £500 a month allowed without penalty, £27 initial fee and £5 annual fee if the Society’s building insurance is not taken

Arrangement fee: £800 completion fee plus £195 reservation fee

Redemption fee: 3% of the amount repaid in the first five years

Introducer’s fee: None




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