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
Newcastle Intermediaries Launch 90% & 95% LTV Products
Great news! We are delighted to confirm that we are re-entering both the 90% & 95% LTV markets with the launch of a competitive range of two and five-year products to support both first time buyers onto the property ladder as well as home movers and customers re-mortgaging.
Rates will start as low as 2.85% and will be available from this Friday, 11th June 2021.
Key Features Include:
- Competitive range of 2 and 5 year products available at both 90% & 95% LTV;
- Choice of fee assisted products;
- £250 Cashback on selected products;
- Free standard valuation on properties up to £500,000 (on selected products);
- 10% overpayments per annum which supports your clients who require the flexibility to make lump sum overpayments. (In additional to £499 regular monthly overpayments already permitted)
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch however if you need any specific details in the meantime please let me know.
Important Information – Launch of Buy to Let Products
I am pleased to confirm that Newcastle Intermediaries will be refreshing its range of Buy to let products with effect from Monday 7th June 2021.
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
These products are supported by our attractive lending policy, the highlights of which are outlined below;
- The rental calculation on our five year fixed products are assessed on 145% at 4% on an Interest Only basis
- All of our cases are individually underwritten;
- No maximum age criteria at the end of the term.
The existing products will therefore be withdrawn from close of business Monday 7th June. No further DIP’s will be permitted however; any existing illustrations will be honoured until close of business Wednesday 9th June 2021.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch however if you need any specific details in the meantime please let me know.