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 pleased to announce we are refreshing the rates across our new business Shared Ownership, Self Employed, Interest Only, JMSP, Large Loan and Buy to Let propositions, as well as refreshing the rates on our Existing Customer Interest Only, Buy to Let and Large Loans range, launching Wednesday 7th June.
The key highlights are as follows:
- A range of fee assisted products to support customers who are looking for assistance with costs;
- 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;
All products that are currently live within the new business Shared Ownership, Self Employed, Interest Only, JMSP, Large Loan and Buy to Let ranges, will be withdrawn COB Tuesday 6th June, any existing applications will be honoured until close of play Thursday 8th June.
All products within the Existing Customer Interest only, Buy to Let and Large Loan ranges will be closed to illustrations and applications COB tomorrow, Tuesday 6th June.