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
Withdrawal of 95% product
6.75% Fixed Rate (95% LTV) – EFII482
The tranche for this product has been fully utilised
No further ESIS documents will be permitted from close of play today and no further applications from Wednesday 30th November.
Important Information – Launch of 60 & 80% LTV Mortgage Products
Newcastle Intermediaries will be making a number of changes to our mortgage product portfolio with effect from Wednesday 30th November 2022. The new products will contain significant rate reductions by up to 0.39% on existing 80% LTV products.
The product ranges also include the following highlights;
- Re-introduction of 60% LTV products including re-mortgage exclusive deals supporting clients who have either a larger deposit to purchase their home, or who are looking to re-mortgage their existing property.
- Introduction of a range of Base Rate Tracker products, supporting the increase in client demand we are seeing.
- 10% per annum overpayment facility in addition to £499 regular monthly additional payments
The following products will be withdrawn COB Tuesday 29th November, however any existing applications will be honoured until close of play Wednesday 30th November;
· EFII517 |
· EFII518 |
· EFII522 |
· EFII525 |
· EFII526 |