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 – Mortgage Product Launch
Newcastle Building Society are pleased to announce we are refreshing the rates across our retention and acquisition 90 & 95% residential products as well as our Shared Ownership and Government First Home Scheme products. These products will go live on Friday 15th November.
The key highlights are as follows:
- Reductions in our retention range up to 0.54%
- Reductions in our new business residential range up to 0.50%
- Fee assisted features on selected products to support those customers who require assistance with costs;
- 10% annual overpayments in addition to £499.99 regular monthly overpayment facility providing flexibility for those customers who are looking to overpay
The following products will be withdrawn COB Thursday 14th November and no further applications will be permitted as of COB Monday 18th November :
- FIIX146
- FIIX142
- FIIX147
- FIIX143
- SHOW083
- SHOW084
- SHOW085
- SHOW086
- GFHS056
- GFHS057
- RETN570
- RETN571
- RETN573
- RETN575
- RETN574
- RETN576
Please note we are withdrawing all Variable rate products from the range alongside Friday’s launch. No further applications will be permitted as of COB Monday 18th November.
Product codes below;
- EBRT221
- EBRT222
- EBRT223
- EBRT224
- EDIS301
- EDIS302
- EDIS305
- EDIS306
- RETN540
- RETN602
- RETN544
- RETN548
- RETN551
- RETN539
- RETN543
- RETN547
- RETN599