Head of Content
Mortgage Advisor & Director
Newcastle Building Society
About Newcastle Building Society
Newcastle Buiding Society is the North East region's largest building society. With 30 branches across the North East, Cumbria and North Yorkshire, for 150 years they have been committed to making a positive difference for their customers and communities.
As a mutual organisation, they are owned by and run for the benefit of its members. This allows them to focus on delivering great value products and amazing customer service, as well as building a sustainable business that will continue to prosper long into the future.
Does Newcastle Building Society offer mortgage products?
Yes, Newcastle Building Society offers a wide range of mortgage products to suit the needs of their customers. These include fixed-rate mortgages, variable rate mortgages and tracker mortgages. They offer mortgages to both first-time buyers and home movers.
How much can I borrow from Newcastle Building Society?
The amount you can borrow from Newcastle Building Society will depend on a number of factors, including your income, your outgoings and the value of the property you are looking to purchase. As a general rule, you can borrow up to 4.5 times your annual income.
What are the eligibility criteria for Newcastle Building Society mortgages?
To be eligible for a mortgage with Newcastle Building Society, you must be aged 18 or over and a UK resident. You will also need to have a good credit history and be able to afford the repayments on your loan.
How much deposit do I need for a Newcastle Building Society mortgage?
You will generally need a minimum of 5% deposit for a Newcastle Building Society mortgage.
However, depending on your situation and the property you're purchasing, you may need a larger deposit. As with any other mortgage, the higher your deposit, the lower your interest rate is likely to be, the higher your equity and the lower your monthly repayments will be.
Can I make overpayments on my Newcastle Building Society mortgage?
Yes, you can make overpayments on your Newcastle Building Society mortgage, and there are flexible overpayment options on many of their mortgage products. This means you can make larger payments to reduce the amount of interest you pay over the term of your loan.
Compare Newcastle Building Society Mortgages
When considering taking out a mortgage with Newcastle Building Society, it's important to compare their products against other lenders to make sure you're getting the best deal possible. At Teito, we compare 20,000+ mortgages from over 90 lenders, so you can be sure you're getting the whole market view.
Get started by entering your mortgage requirements. We'll show you the best deals from Newcastle Building Society and other lenders that match your criteria. You can then compare these deals side-by-side to find the one that's right for you.
It's quick and easy to compare mortgages with Teito, and our service is completely free. So why not get started today?
How Teito Works
You have two options when you get started with Teito: you can select the option to speak with an advisor straight away or source a mortgage yourself. If you want to choose your own mortgage deal, follow the steps below:
Click ‘Get Started’
Hit the button below and enter a few quick details. It takes less than 60 seconds to begin the mortgage process with us
Compare Quotes Online
Next you can view rates and deals from across the entire market online and choose the one you want in real time
Apply Online
We’ll take it from here and have an expert mortgage broker on hand to ensure you have chosen the best deal for you