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

Important Information – Withdrawal of Two Year 85% LTV Mortgage Product

Due to the popularity of our fee assisted two year 85% LTV mortgage product, we have now fully utilised the tranche and to that end, we will be withdrawing this product from close of business today, Monday 25th January 2021.

For clarity, the rate is as follows:

2.85% Fixed Rate until 30.06.2023 (85% LTV)

Any existing illustrations on this product and subject to tranche will be honoured until close of business Wednesday 27th January 2021.

Please note that we continue to make available the remaining products within our competitive 85% LTV portfolio and at this time there are no further changes.

Launch of Self Employed Mortgage Product

Newcastle Intermediaries will be extending end dates on its Self Employed range with effect from Friday 29th January 2021.

The extended product is designed to support newly Self Employed clients who have been trading for less than 2 years.  

The current product will therefore be withdrawn from close of business tomorrow, Thursday 28th January 2021 however any existing illustrations will be honoured until close of business Tuesday 2nd February 2021.

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

Launch of Joint Mortgage Sole Proprietor Products

Newcastle Intermediaries will be refreshing its range of Joint Mortgage Sole Proprietor products with effect from Friday 29th January 2021.

Both products are available up to 80% LTV and are available for first time buyers, home movers and customer’s re-mortgaging.

Our JMSP products could help your clients get onto the property ladder or even purchase a home later in life or following a change in circumstances, by using the income of a family member to increase borrowing capacity.

The revised products include the following key features;

  • Competitive 2 and 5 year products available
  • Free standard valuation on properties up to £500k
  • No product fees and £500 cashback on these products
  • Available on loans from £25,000 and up to a maximum of £1,000,000
  • Affordability will be calculated using combined income from the occupying and non-occupying borrower
  • Maximum age is 80 years at the end of the mortgage term based on the oldest applicant
  • A family member is defined as a close family relative, normally a parent or step parent

The existing products will therefore be withdrawn from close of business tomorrow, Thursday 28th January 2021 however any existing illustrations will be honoured until close of business Tuesday 2nd February 2021.

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

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