Newcastle Building Society Mortgages

Newcastle Building Society is one of the strongest mutual building societies in the UK and the largest to be based in the North East of England. As a mutual organisation, Newcastle Building Society often offer more competitive rates than some of their Plc competitors as profits are invested back into the products.

Taking out a Newcastle Building Society mortgage is probably one of the most important financial decisions you’ll ever make. Newcastle Building Society offer many different types of mortgages, so, whether you are just getting onto the property ladder or moving higher up it, Newcastle Building Society can provide a flexible range of mortgages tailored just for you.

Newcastle Building Society Variable rate
The interest rate you pay changes when Newcastle Building Society change their standard variable mortgage base rate.

Newcastle Building Society Discount Rate
Discount mortgages offer you a discount compared to the Newcastle Building Society standard variable mortgage rate. This is usually for a specific period, then the rate reverts to their standard variable mortgage base rate for the remainder of the mortgage term.

Newcastle Building SocietyCapped rate
With a capped rate mortgage, you have the security of knowing that your rate will not go above the capped rate, with the added benefit of lower monthly repayments if the Newcastle Building Society standard variable mortgage base rate falls below the capped rate. This is usually for a specific period, then the rate reverts to their standard variable mortgage base rate for the remainder of the mortgage term.

Newcastle Building Society Base rate tracker
The interest rate is linked to, but may not be the same as, the Bank of England base interest rate. When there is a change to the Bank of England base rate your mortgage payment rate will reflect this

Newcastle Building Society Fixed rate
With a fixed rate mortgage you pay a fixed amount each month for a specific period, often two to five years, or sometimes longer. The advantage is that you know exactly how much you will have to pay each month so you can budget more easily. After the fixed term has ended, your interest rate will revert to our standard variable mortgage base rate for the remainder of the mortgage term.