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 – Launch of Mortgage Products
We are reducing rates across a number of our core acquisition and retention mortgage products by up to 0.35% with effect from Friday 3rd July.
Rate reductions will be seen across selected residential (up to 95% LTV), Shared Ownership, Self Employed (One Year), Interest Only, Buy to Let, Affordability Boost and New Build (95% LTV) products.
The existing products will therefore be withdrawn by close of play tomorrow Thursday 2nd July to illustrations and where a DIP has been approved and an ESIS produced, we will honour applications until close of business Friday 3rd July.
The Intermediary web pages and sourcing systems will be updated in readiness for launch.
Important Information – Launch of Retention Products
We will be refreshing end dates across our Retention range – available to existing customers – with effect from Tuesday 30th June.
In addition to this, we will also be re-introducing a range of low-rate, high-fee products at 80% LTV to further support customers with their upcoming maturity needs.
Existing products will therefore be withdrawn to illustrations from close of business today, Monday 29th June. However, any existing applications (where an ESIS has been produced) will be honoured until close of business Wednesday 1st July.