Newcastle launches 18 new mortgage deals

High street building society Newcastle has launched 18 new mortgage deals in an attempt to win over first-time buyers and customers coming to the end of their current home loan deals.

The majority of Newcastle''s new mortgage products are fixed-rate deals, which the lender claims accounted for nearly 70 per cent of its mortgage sales in June.

Of the 18 new mortgages, which have arrangement fees of up to £598, four are discount tracker deals and two are offset-only mortgages.

Head of product development at Newcastle Building Society Stuart Fearn 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.

Newcastle is not the first lender to cut mortgage rates in the past week, with Halifax and Yorkshire Building Society announcing rate cuts on many of their fixed-rate and tracker deals, according to the Independent.

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