Here is the latest update from Newcastle for Intermediaries. For full details see their latest product information here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Announcement
Mortgage Product Launch
We are delighted to announce we are refreshing the rates across our residential, Shared Ownership & Large Loans propositions, launching tomorrow, Tuesday 25th April.
The key highlights are as follows:
- A range of fee assisted products to support customers who are looking for assistance with costs;
- Expansion of our Base Rate Tracker products to include 80% LTV;
The following products will be withdrawn COB today, any existing applications will be honoured until close of play Wednesday 26th April 2023.
- EBRT111
- EBRT112
- EFII622
- EFII673
- EFII638
- EFII667
- EFII668
- EFII607
- EFII608
- EFII661
- EFII662
- EFII663
- EFII664
- EFII665
- LISA030
- SHOW011
- SHOW013-16
- EDIS250
- EDIS249
- EFII581
- EFII586
- EFII583
- EFII584
- EDIS248
- EFII585
- EFII582
Existing Customer Mortgage Product Launch
The refreshed products include the following highlights;
- Preferential fee free and fee products for existing customers.
- Existing customers are pre-approved for product transfers.
- 10% overpayment facilities across our products, which supports our customers who require the flexibility to make lump sum overpayments. This is in addition to the £499 regular monthly overpayments already permitted
Our Product Transfer process can be found here:
www.newcastleis.co.uk/Mortgage-Product-Transfers
All current products within these ranges will be withdrawn COB tomorrow, Friday 28th April for both ESIS and applications.