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2 Year Base Rate Tracker
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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
EBRT296
Interest Rates
1.20% above the Bank of England Base Rate (currently 3.75%) until 31st October 2028. This is subject to a product floor of 1.50% until 31st October 2028.
Maturity Date
31 October 2028
Maximum Loan to Value (LTV)
80%
Loan Amount
£450,000 to £2,500,000 (75% LTV)
£450,000 to £2,000,000 (80% LTV)
Minimum Loan Amount for Existing Customers - £1,000
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
1499
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.
Intermediary Support Team
For day-to-day enquiries, live case support, or document submissions, our Intermediary Support Team is available from 8 am to 6 pm, Monday to Friday. You can contact them:
- Phone: 0345 602 2338
- Email: intermediary.lending@newcastle.co.uk
Our team can assist with:
- Eligibility and criteria queries
- Clarification on product features
- Guidance on completing applications
Together, your BDM and the Intermediary Support Team provide a full network of support, combining expert advice with operational assistance, so you can focus on delivering the best service to your clients.