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
Important Information – Refresh of Mortgage Product Range
Newcastle Intermediaries will be making a number of changes to our mortgage product portfolio with effect from Wednesday 29th June 2022. This includes a refresh of our Residential, Deposit Unlock, Help to Buy, Interest Only, Self Employed ranges, as well as our Northeast and LISA exclusive products.
The product ranges include the following highlights;
- Competitive range of 2 and 5 year products available;
- 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The existing product range will be therefore be withdrawn by close of business tomorrow, Tuesday 28th June, however any existing applications will be honoured until close of play Wednesday 29th June. 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 Withdrawal
Please be advised that we will be withdrawing the following products from availability today:
- 2.46% Discount Rate 2 Year (80% LTV) EDIS179
- 3.15% Fixed Rate 2 Year (80% LTV) EFII280
- 2.16% Discount Rate 2 Year (90% LTV) EDIS181
- 3.49% Fixed Rate 5 Year (90% LTV) EFII221
- 3.35% Fixed Rate 2 Year (90% LTV) EFII226
- 3.54% Fixed Rate 2 Year (95% LTV) EFII224
- 3.57% Fixed Rate 3 Year (95% LTV) EFII220
- 3.17% Fixed Rate 3 Year (95% LTV) EFII219
- 3.45% Fixed Rate 5 Year (Interest Only) EFII241
- 3.26% Fixed Rate 2 Year (JMSP) JMSP113
- 3.45% Fixed Rate 2 Year (H2B) EFII237
The tranches for these products have been fully utilised, however replacement products will be announced shortly. No further ESIS documents will be permitted from close of play today and no further applications from close of play, Tuesday 28th June.
Product Withdrawal
Please be advised that we will be withdrawing the following product from availability today:
3.45% Fixed Rate 2 Year (90% LTV JMSP) JMSP115
The tranche for this product have been fully utilised. No further ESIS documents will be permitted from close of play today and any existing applications will be honoured until close of play Wednesday 29th June. Please be advised that this will be subject to tranche availability.
Withdrawal of JMSP Products
Please be advised that we will be withdrawing the following products from availability today.
- JMSP 5 Year 3.49% (90%) – JMSP127
- JMSP 5 Year 3.59% (95%) – JMSP128
No further ESIS documents will be permitted from close of play today and no further applications from close of play tomorrow, Thursday 30th June.