Important Information – Refresh of Mortgage Products
Newcastle Intermediaries will be making a number of changes to our mortgage product portfolio with effect from Thursday 3rd February 2022.
The key highlights of the portfolio are:
- Discounted Variable Rate products reduced by up to 0.50% supporting clients who are looking for an alternative to a fixed rate;
- Five Year products reduced by up to 0.40% supporting the increasing demand in the market for longer term fixed rates;
- Joint Mortgage Sole Proprietor products reduced by up to 0.64% supporting those clients who require family assistance to increase their borrowing capacity;
- Introduction of 80% LTV Buy to Let products supporting our recent increase in max LTV.
The existing product range will be therefore be withdrawn by close of business Wednesday 2nd February, however any existing illustrations will be honoured until close of play Friday 4th February. 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