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
Launch of 80% LTV Mortgage Deals
Newcastle Intermediaries will be refreshing its range of 80% LTV residential products with rate reductions of up to 0.10% on selected products, with effect from Thursday 15th July 2021.
The product range includes the following highlights;
- Available for both house purchase and re-mortgages up to £1m;
- Competitive range of 2 and 5 year products;
- Choice of fee assisted products including a free standard valuation and £500 cashback on selected products;
- 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;
The existing product range will be withdrawn by close of business today, Wednesday 14th July however any existing illustrations will be honoured until close of play Monday 19th July 2021.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch
Extension of Buy to Let Products
Newcastle Intermediaries will be extending end dates on its Buy to let products with effect from tomorrow, Friday 16th July 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The existing products will therefore be withdrawn from close of business today. No further DIP’s will be permitted however any existing illustrations will be honoured until close of business Monday 19th July 2021.