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
Mortgage Product Launch
We are pleased to announce that we are introducing two 3 year 80% products into our range, as well as refreshing the rates across our acquisition 90% and 95% residential and Deposit Unlock products. These products will go live on Wednesday 15th November.
The product highlights are:
- Rate reductions by as much as 0.45% across 90%, 95% and Deposit Unlock products;
- Introduction of 3 year fixed rates supporting a recent increase in demand;
- Assistance with costs on selected products supporting those customers who need help with costs
The following products will be withdrawn COB Tuesday 14th November and no further applications will be permitted as of COB Thursday 16th November:
- EFII 853
- EFII 852
- EFII 854
- EFII 855
- EFII 844
- EFII 845
- EFII 842
- EFII 843
- DEPU 074
- DEPU 075
- DEPU 076
- DEPU 077
Mortgage Product Launch
We are pleased to announce that we are refreshing the rates across our Existing Customer residential products as well as our Interest Only and Shared Ownership products. These products will go live on Friday 17th November.
The product highlights are:
- Rate reductions of up to 0.25% across our Interest Only range;
- Rate reductions of up to 0.45% across our 95% LTV Shared Ownership range;
- Following your feedback the introduction of 85% and 90% LTV Shared Ownership products further enhancing our proposition;
- Rate reductions of up to 0.45% across our existing customer portfolio further supporting customers whose current mortgage product is coming up to maturity or has recently matured;
- Fee Assisted features across selected products for those customers who require help with costs;
- 10% overpayment allowance per annum in addition to £499.99 monthly overpayment allowance
The following products will be withdrawn COB Thursday 16th November and no further applications will be permitted as of COB Monday 20th November:
- VARI914
- EBRT132
- EFII838
- EFII839
- EFII836
- EFII841
- EFII840
- EFII837
- SHOW033
- SHOW034
- SHOW035
- SHOW036
The below products will be withdrawn and no further applications will be permitted COB Thursday 16th October;
- RETN052
- RETN139
- RETN140
- RETN141
- RETN142
- RETN143
- RETN145
- RETN146
- RETN127
- RETN128
- RETN123
- RETN124
- VARI916
- VARI915