Brilliant Solutions

Newcastle Update

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 95% LTV Products

Newcastle Intermediaries will be refreshing its range of two year 95% LTV residential products, with rate reductions of 0.26%, with effect from Friday 24th September 2021.

The product range includes the following highlights;

  • Competitive range of Two Year Fixed Rates available at 95% LTV for both house purchase and re-mortgages;
  • Fee assisted product with a free standard valuation (on properties up to £500k) and £500 Cashback helping your clients with their costs;
  • 10% overpayment facilities across all 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The existing product range will be withdrawn by close of business today, Thursday 23rd September, however any existing illustrations will be honoured until close of play Monday 27th September 2021.

Full product details will be found on http://www.newcastleis.co.uk/products.aspx 

Launch of 85%, 90% & 95% LTV Products

I am pleased to confirm that Newcastle Intermediaries will be refreshing selected products across its 85%, 90% and 95% LTV residential products with effect from Tuesday 28th September 2021.

  • Competitive range of Two and Five Year Fixed Rates available up to 95% LTV for both house purchase and re-mortgages;
  • Fee assisted products with a free standard valuation (on properties up to £500k) and £500 Cashback helping your clients with their costs;
  • 10% overpayment facilities across all 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The existing product range will be withdrawn by close of business today, Monday 27th September, however any existing illustrations will be honoured until close of play Wednesday 29th September 2021.

Full product details will be found on http://www.newcastleis.co.uk/products.aspx

Launch of JMSP Products

I am pleased to confirm that Newcastle Intermediaries will be refreshing its range of two year Joint Mortgage Sole Proprietor (JMSP) products, with rate reductions of up to 0.21%, with effect from Tuesday 28th September 2021.

The product range includes the following highlights;

  • Competitive range of Two Year products available at 85%, 85% and 90% LTV for both house purchase and re-mortgages;
  • Free standard valuation on properties up to £500,000 on all products.
  • 10% overpayment facilities across all 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;
  • Available on loans from £25,000
  • Affordability will be calculated using combined income from the
    occupying and non-occupying borrower
  • Maximum age is 80 years at the end of the mortgage term based on the
    oldest applicant

The existing product range will be withdrawn by close of business today, Monday 27th September, however any existing illustrations will be honoured until close of play Wednesday 29th September 2021.

Full product details will be found on http://www.newcastleis.co.uk/products.aspx 

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