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
Mortgage Product Withdrawls
Please be advised that we are withdrawing the following product COB :
- 4.45% Fixed Rate 3 Year EFII643 70%
No further ESIS documents or applications will be permitted from close of play Tuesday 7th March.
Mortgage Product Launch
We are delighted to announce we are reducing the rates on our new business 90 and 95% residential and Deposit Unlock products. We are also introducing Base Rate Tracker products back into our range at 70%.
The key highlights are as follows:
– Launch of competitive Base Rate Tracker products available up to 70% and on loans of up to £1.5m;
– Reduced rates across our 90% and 95% LTV product ranges supporting, in particular, First Time Buyers;
– Reduced rates across our Deposit Unlock product range;
– Fee assisted products available supporting clients who are looking for assistance with costs;
– 10% overpayments per annum permitted
The following products will be withdrawn COB Thursday 9th March, any existing applications will be honoured until close of play Monday 13th March 2023.
- EFII642
- EFII645
- EFII646
- EFII647
- EFII639
- LISA029
- DEPU062
- DEPU063
Existing Customer Mortgage Product Launch
We will be making a number of changes to our existing customer range. These products will be available from Friday 10th March.
The refreshed product range includes the following highlights;
- Choice of preferential fee free and fee products up to 95%.
- Existing customers are pre-approved for product transfers.
- 10% overpayment facilities across our products, which supports our customers who require the flexibility to make lump sum overpayments. This is in addition to the £499 regular monthly overpayments already permitted
Our Product Transfer process can be found here:
www.newcastleis.co.uk/Mortgage-Product-Transfers
The following products will be withdrawn COB Friday 10th March for both ESIS and applications:
- EFII588
- EFII614
- EFII648
- EFII615
- EFII617
- EFII618
- EDIS252
- CON – EBTL612 BUS – EBTL611
- CON – EBTL614 BUS – EBTL613
- EFII642
- EFII645
- EFII646
- EFII647
Mortgage Product Withdrawals
Please be advised we are withdrawing the following products to illustrations COB today and no further applications will be permitted from close of play Monday 13th March.
- 0.91 Discounted Rate 2 Year (Fee Assisted) EDIS253 80%
- 1.02 Discounted Rate 2 Year EDIS254 80%
- 0.82% Discounted Rate (Shared Ownership) SHOW12 85%