Here is the latest release from Kensington. Remember we offer these products via Fees Free Packaging or direct to lender. For product details see their Residential Product Guide or their BTL Product Guide.
Product Update
As of close of business Tuesday 24th May we will be repricing our full range with the exception of Right to Buy, Shared Ownership and Flexi Fixed for Term, full details will be available on Wednesday morning.
Please note the submission deadlines below:
Decision in Principle Illustration produced and the FMA commenced by 5pm tomorrow
Full Application – submitted by 5pm on Monday 30th May
View the product guides below for all current rates and details.
Please note, for applications from Northern Ireland, maximum LTV is 80% with £500k maximum loan size and no free legals apply.
Important Information – Refresh of Mortgage Products
Newcastle Intermediaries will be making changes to our mortgage product portfolio with effect from Friday 27th May 2022. This includes a refresh on selected products across our residential, Deposit Unlock, BTL and Interest Only products.
The product ranges includes the following highlights;
- Introduction of 60% LTV re-mortgage exclusive products ;
- Removal of product fees from our 10 year fixed rate;
- Expansion of our Deposit Unlock range to include 3 year products;
- Reduction in rate across our five year BTL fixed rate;
- 10% overpayment facilities across our products, which supports your clients who require the flexibility to make lump sum overpayments. This is in addition to the £499 regular monthly overpayments already permitted;
The existing product range will be therefore be withdrawn by close of business today, Thursday 26th May, however any existing applications will be honoured until close of play Monday 30th May. Please be advised that this will be subject to tranche availability.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch.
Product Update
New product rates are now live. We’ve also launched a few new products, here are some highlights:
BTL: 75% LTV, 2 years, 2.79%, 1.75% fee
BTL Property Plus: 75% LTV, 2 years, 4.29%, no fee, free valuation / free valuation and free legals / free valuation and £250 cashback
BTL Property Plus: 75% LTV, 5 years, 5.09%, no fee, free valuation / free valuation and free legals / free valuation and £250 cashback
Special Residential Select: 85% LTV, 2 years, 3.89%, £999 fee
Special Residential Select: 85% LTV, 2 years, 4.09%, no fee, free valuation / free valuation and free legals / free valuation and £250 cashback
Residential Property Plus: 75% LTV, 2 years, 4.49%, no fee, free valuation / free valuation and free legals / free valuation and £250 cashback
Residential Property Plus: 75% LTV, 5 years, 5.09%, no fee, free valuation / free valuation and free legals / free valuation and £250 cashback
Please note, for applications from Northern Ireland, maximum LTV is 80% with £500k maximum loan size and no free legals apply.