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
Withdrawal of Self Employed Mortgage Product
Please be advised that we will be withdrawing the following product from availability today:
2.99% Fixed Rate until 31.08.2024 (Self Employed) – SEMP91
The tranche for this product has been fully utilised, however new products will be announced shortly. No further ESIS documents will be permitted from close of play today and no further applications from close of play Wednesday 11th May.
Refresh of Mortgage Product Range
Newcastle Intermediaries will be making a number of changes to our mortgage product portfolio with effect from Wednesday 11th May 2022. This includes a refresh of our Large Loan, JMSP, Deposit Unlock, Government First Homes, Self Employed, as well as our Northeast and LISA exclusive products.
The product ranges include the following highlights;
- Competitive range of 2 and 5 year products available;
- 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The existing product range will be therefore be withdrawn by close of business today, Tuesday 10th May, however any existing applications will be honoured until close of play Wednesday 11th May. 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.