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
I am pleased to note that we are reducing rates across our Interest only existing customer products with effect from tomorrow, Wednesday 24th September.
In order to support your clients with an upcoming maturity, we are aligning our Interest Only product rates to that of our repayment product range. This includes making available the lowest rates we have in the range at 70% LTV.
Therefore, the current existing customer Interest Only products will be withdrawn to illustrations by close of play today and to existing applications close of play Thursday 25th September.