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.
Newcastle Intermediaries will be launching a competitive range of Buy to let products with effect from Tuesday 6th October 2020.
The product range includes the following highlights:
- Two and Five Year Fixed Rates available for both house purchase and re-mortgages;
- Choice of fee assisted products with a free standard valuation (on properties up to £500k) 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.
- Maximum 75% LTV on mortgages up to £500,000
- The rental calculation on our five year fixed products are assessed on 145% at 4% on an Interest Only basis
In addition, all of our cases are individually underwritten and we have no maximum age criteria at the end of the term, to help find a deal to best suit your client’s needs.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch