Brilliant Solutions

Newcastle Update

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 – Launch of Residential Mortgage Product

Newcastle Intermediaries will be launching a competitive Two Year 80% LTV residential mortgage product with effect from tomorrow, Tuesday 9th February 2021.

The product range includes the following highlights;

  • Two Year fixed rate available up to 80% LTV and on loans up to £1m;
  • Available for both house purchase and re-mortgages;
  • 10% overpayments per annum which supports your clients who require the flexibility to make lump sum overpayments. This is in addition to a regular monthly overpayment allowance of £499;

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 – Withdrawal of Mortgage Product

We have now utilised the tranche on the following mortgage product and to that end, we will be withdrawing this from close of business today, Friday 5th February 2021.

1.89% Fixed Rate until 30.04.2023 (80% LTV)

Any existing illustrations on these products however will be honoured until close of business Tuesday 9th February 2021.

Extension of BTL Product

I am pleased to confirm that Newcastle Intermediaries will be refreshing end dates on their Buy to let products with effect from Monday 8th February 2021.

Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch .

The existing products will therefore be withdrawn from close of business today Friday 5th February 2021.  No further DIP’s will be permitted however; any existing applications will be honoured until close of business Wednesday 10th February 2021.

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