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 – Launch of new business mortgage products
Newcastle Intermediaries are delighted to announce the launch of new business Shared Ownership; Government First Home Scheme; Deposit Unlock; Self Employed ;Interest Only; Large Loans and Buy to Let mortgage products available from Thursday 19th January.
The key highlights are as follows:
– Rate reductions of up to 1.16% across a range of mortgage products including Government First Home Schemes, Deposit Unlock, Shared Ownership and Large Loans;
– Re-introduction of a range of Buy to Let products;
– Expansion of Large Loan range to include products up to 80%;
– Introduction of discounted variable rates to support both Interest Only and Large Loans;
– Fee assisted options on selected products supporting those clients who require assistance with costs;
– 10% overpayments permitted per annum
The following existing products will be withdrawn from COB Wednesday 18th January, these products are listed below;
– SHOW001
– SHOW002
– SHOW003
– SHOW004
– SHOW005
– SHOW006
– GFHS020
– SEMP106
– DEPU056
– DEPU057
– DEPU058
– DEPU059
– DEPU060
– DEPU061
– JMSP145
– EFII563
– EFII564
– EFII561
– EFII562
– EDIS239
– EDIS240
– EDIS241
– EDIS242