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 New Products
We are refreshing rates across our acquisition product range with effect from Thursday 19th March.
The existing products in these ranges will therefore be withdrawn from close of business Wednesday 18th March, however existing applications will be honoured until close of business Thursday 19th March.
We will be launching a revised range of retention products – available to existing customers – with effect from Friday 20th March.
Existing retention products will therefore be withdrawn to illustrations by close of play Thursday 19th March.
We will however honour any existing cases (where an ESIS has been produced) until close of play Friday 20th.
Product Withdrawals
We will be withdrawing the following products from the acquisition product range with effect from close of business, Friday 13th March.
FIIX606 4.65% FIXED – 31.07.2028
FIIX607 4.65% FIXED – 31.07.2028
FIIX605 4.40% FIXED – 31.07.2028
FIIX613 4.95% FIXED – 31.07.2031
FIIX614 4.95% FIXED – 31.07.2031
Existing applications will be honoured until close of business Tuesday 17th March, and communications will follow early next regarding replacement products.
We will be withdrawing the following products with effect from Thursday 19th March:
5.00% Fixed Rate until 31.07.2028 FIIX629/630
4.80% Fixed Rate until 31.07.2028 FIIX628
5.25% Fixed Rate until 31.07.2031 FIIX631/632
Products will be withdrawn to illustrations by close of business today and to any existing applications by close of business tomorrow (20/3).
Replacement products will be announced shortly.