Brilliant Solutions

Newcastle Update

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 Competitive 85% LTV Mortgage Products

Newcastle Intermediaries will be launching a competitive range of two year 85% LTV residential mortgage products with effect from Thursday 25th March 2021.

Mortgage rates are starting as low as 2.70% and with continued strong demand in the market for higher LTV products, our products come with the following key highlights:

  • Competitive range of two year fixed rates to complement our range of five year products already available;
  • Available to First Time Buyers, home movers and re-mortgages increasing our support in the market;  
  • A free standard valuation on properties up to £500k helping your clients with their costs;
  • 10% overpayments per annum supporting your clients who require the flexibility to make lump sum overpayments. This is in addition to a regular monthly overpayment allowance of £499;

The existing products will therefore be withdrawn from close of business tomorrow Wednesday 24th March.  No further DIP’s will be permitted however; any existing illustrations will be honoured until close of business Friday 26th March.

Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch however if you need any specific details in the meantime please let me know.arrow

Competitive 2 year discount rate on 80% LTV products

We recently reduced rates across our 80% LTV mortgage range by up to 0.34% which includes a highly competitive 2 year discount rate, as well as free valuation and £500 cashback on selected products.

Key features:

  • Competitive 2 and 5 year products available
  • Free standard valuation on selected products 
  • £500 Cashback on selected products

10% overpayments per annum which supports your clients who require the flexibility to make lump sum overpayments

All product details and the full range of products can be found on our website

Product Range  arrow

Important Information – Launch of 80% LTV Mortgage Deals

Newcastle Intermediaries will be refreshing its range of 80% LTV residential products with rate reductions and the removal of upfront fees on selected products, with effect from Monday 29th March 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 tomorrow, Friday 26th March however any existing illustrations will be honoured until close of play Tuesday 30th March 2021.

Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch

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