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Newcastle Intermediaries has enhanced its large loan criteria and launched a range of products to support the proposition. As well as increasing its maximum loan amount from £2m to £3m, the lender has also given borrowers looking to downsize the option for interest only up to 60% LTV (previously 50%). A two-year
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The average rate for a two-year fix dropped by 4 basis points to 5.78% this week, shows the final Moneyfacts rate data of the year. Meanwhile, the average rate for a three-year fix gained 5 basis points, moving to 5.91%, while the average rate for a five- and 10-year fix were static, at 5.63% and 5.47%, respectively.