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 Thursday 7th July 2022. This includes a refresh of our Large Loan, JMSP, Government First Homes, and Buy to Let exclusive products.
The product ranges include the following highlights;
- A free standard valuation on properties up to £500k helping your clients with their costs;
- 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The existing product range will be therefore be withdrawn by close of business today, Wednesday 6th July, however any existing applications will be honoured until close of play Thursday 7th July. 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 Withdrawals
Please be advised that we will be withdrawing the following products from availability today:
- 3.55% Fixed Rate 2 Year (No ERC) 80% EFII315
- 3.49% Fixed Rate 2 Year (Remortgage) 80% EFII298
- 3.62% Fixed Rate 2 Year (Fee Assisted) 80% EFII301
- 3.66% Fixed Rate 5 Year (Fee Assisted) 80% EFII313
- 3.60% Fixed Rate 5 Year (Remortgage) 80% EFII346
- 3.66% Fixed Rate 7 Year (fee assisted) 80% EFII308
- 3.50% Fixed Rate 10 Year 80% EFII307
- 3.45% Fixed Rate 5 Year 95% EFII295
No further ESIS documents will be permitted from close of play today and no further applications from close of play Thursday 7th July.