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2 Year Variable Base Rate Tracker Mortgage
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A Base Rate Tracker mortgage has an interest rate that is linked directly to the Bank of England Base Rate. When a change to the Bank of England Base Rate occurs, the interest rate and monthly repayments will change also.
Summary information
Product Code
EBRT251
Interest Rates
0.90% above the Bank of England Base Rate (currently 4.25%) until 30th September 2027. This is subject to a product floor of 1.50% until 30th September 2027.
Maturity Date
30 September 2027
Maximum Loan to Value (LTV)
95%
Loan Amount
£30,000 - £500,000
Daily Interest Calculation
Interest is calculated on the balance of your account at the end of each day. Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance.
Minimum Term
2 Years
Reservation Fee
0
Completion Fee
£1999
Early Repayment Charge
N/A
Meet your BDM
Here to support you
Available across the UK, your dedicated Business Development Manager (BDM) is ready to give expert advice on your product, criteria, or application questions.
Contact our dedicated Intermediary Support Team on 0345 602 2338 or intermediary.lending@newcastle.co.uk. We're available from 8am to 6pm, Monday to Friday.