The Newcastle Building Society offset mortgage is available to first time buyers, home movers and remortgage customers. It allows mortgage holders to link savings and current accounts to reduce the amount of interest to be repaid on the mortgage.
The Newcastle Building Society offset mortgage has three main products. There is a base rate tracker offset mortgage with a discount for the first six months. The interest rate on this Newcastle Building Society offset mortgage will need to be confirmed directly with the building society as the information is not provided to us. This mortgage is available to home buyers and remortgage customers and includes access to a drawdown facility. The maximum loan to value is 85 per cent. There is a completion fee to pay and other charges may be applicable to this particular mortgage. There are no early repayment charges with this Newcastle Building Society offset mortgage.
The second Newcastle Building Society offset mortgage is a base rate tracker offset mortgage with incentives. The interest rate on this Newcastle Building Society offset mortgage is generally priced above the bank base rate for the term of the mortgage. This mortgage is available to remortgage customers in Scotland. The maximum loan to value is 85 per cent. There are no completion fees or valuation fees and there is sometimes cash back offered after completion.. There are no early repayment charges with this Newcastle Building Society offset mortgage.
The third Newcastle Building Society offset mortgage is a fixed rate offset mortgage. Fixed rates vary on a frequent basis so please check direct with the lender for their current rates and make a comparison with the high street lenders rates by calling us now!. This Newcastle Building Society offset mortgage is available to young people with high earning potential. A drawdown facility is available. Again, 
fees will be payable including a completion fee and early repayment charges will apply during the fixed rate period.
The Newcastle Building Society offset mortgage accounts are linked to instant access savings accounts. Borrowers can choose to overpay at any point without early repayment charges, subject to conditions. The Newcastle Building Society offset mortgage can also be linked to savings accounts held by family members (related by birth or adoption). Although borrowers will not have access to the savings, they can benefit from offsetting these accounts by reducing the interest on their mortgage loan.
Some of the Newcastle Building Society offset mortgage deals offer a drawdown facility. This is available to mortgage holders who have borrowed less than 75 per cent of the property value. There are no additional fees for using this facility, however use of the facility will require an application form*.
However, please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from the Newcastle Building Society.
Pre-agreed loan facility for use at any time
High street availability does not cover the whole of the UK
Instant access and incentives available
