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
Refresh of Mortgage Product Range
Newcastle Intermediaries will be making a number of changes to our mortgage product portfolio with effect from Thursday 14th April 2022. This includes a refresh of our 85%, 90% and 95% LTV, Buy to Let, Large Loan and Interest Only 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The existing product range will be therefore be withdrawn by close of business tomorrow, Wednesday 13th April, however any existing applications will be honoured until close of play Thursday 14th April. 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.
Withdrawal of Mortgage Product
Please be advised that we will be withdrawing the following product from availability today:
2.85% Fixed Rate 5 Year (80%) – EFII142
The tranches for these products have been fully utilised, however new products will be announced shortly. No further ESIS will be permitted from close of play today and no further applications from close of play Tuesday 19th April (subject to tranche).