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
We are pleased to confirm that Newcastle Intermediaries will be reducing rates across it’s Buy to let portfolio with effect from Wednesday 23rd June 2021.
The product range includes the following highlights:
- Two and Five Year Fixed Rates available for both house purchase and re-mortgages;
- Choice of fee assisted products with a free standard valuation (on properties up to £500k) helping your clients with their costs;
- 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.
- Maximum 75% LTV on mortgages up to £500,000
- The rental calculation on our five year fixed products are assessed on 145% at 4% on an Interest Only basis
In addition, all of our cases are individually underwritten and we have no maximum age criteria at the end of the term, to help find a deal to best suit your client’s needs.
The existing products will therefore be withdrawn from close of business tomorrow, Tuesday 22nd June. No further DIP’s will be permitted however; any existing illustrations will be honoured until close of business Thursday 24th June 2021.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx
Launch of 85% LTV Mortgage Deals
Newcastle Intermediaries will be refreshing its range of two year 85% LTV residential products, with rate reductions of up to 0.20% and the reduction of fees on selected products with effect from Friday 25th June 2021.
The product range includes the following highlights;
- Available for both house purchase and re-mortgages up to £500k;
- Competitive range of 2 year fixed and variable rate products;
- Choice of fee assisted products;
- Free standard valuation (on properties up to £500k) helping your clients with their costs;
- 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The existing product range will be withdrawn by close of business tomorrow, Thursday 24th June, however any existing illustrations will be honoured until close of play Monday 28th June 2021.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch