Switching to a new Newcastle Building Society mortgage rate is a straightforward process for existing borrowers. Our free mortgage product transfer service helps you secure a new mortgage rate before your current deal expires, making the process quick and easy to complete.
When can I switch my Newcastle Building Society mortgage?
Newcastle Building Society will normally contact you around 16 weeks before your current mortgage rate expires. You will receive a letter containing your mortgage account number and a unique reference code, which we use to arrange your mortgage product transfer.
You can apply for a new Newcastle Building Society mortgage rate up to six months before your current mortgage product expires. To ensure your new mortgage starts on time, your application should normally be submitted by the 15th of the month before your existing rate ends.
How our Newcastle Building Society mortgage switch process works
- Contact our team by telephone or complete our secure online enquiry form.
- Provide your mortgage account number and reference code from your renewal letter.
- We obtain details of the mortgage products available specifically for your account.
- We explain your mortgage options clearly and help you select the most suitable product.
- Once you have chosen your preferred mortgage rate, we arrange your mortgage product transfer.
- Your application is normally completed online, without the need for paper documentation unless your current mortgage product has already expired.
Benefits of a Newcastle Building Society mortgage product transfer
- Secure your new mortgage rate up to six months before your current deal expires.
- No credit checks or underwriting are normally required for a straightforward mortgage product transfer.
- The application process is quick and can usually be completed online.
- The process is generally much simpler than arranging a full remortgage.
Overpayment allowances
Newcastle Building Society allows borrowers to make overpayments of up to 10% of their outstanding mortgage balance each calendar year without incurring early repayment charges.
If you intend to make regular or lump sum overpayments, you should always confirm that you remain within your permitted annual allowance before making additional payments.
Why use our service?
- Our Newcastle Building Society mortgage product transfer service is completely free of charge.
- We explain your mortgage options in clear, straightforward language.
- We manage the application from start to finish.
- We remain available throughout the process to answer any questions you may have.
- Where appropriate, we can also compare your Newcastle Building Society mortgage options with products available across the wider UK mortgage market before you make your decision.