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 – Refresh of Mortgage Product Range
Newcastle Intermediaries will be making a number of changes to our mortgage product portfolio with effect from Wednesday 27th July 2022. This includes a refresh of our Self Employed, Government First Home Scheme, Joint Mortgage Sole Proprietor, Interest Only, and Large Loan exclusive products.
The product ranges include the following highlights;
- A free standard valuation on properties up to £500k helping your clients with their costs;
- 10% overpayment facilities across our 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The existing product range will be therefore be withdrawn by close of business today, Tuesday 26th July, however any existing applications will be honoured until close of play Wednesday 27th July. Please be advised that this will be subject to tranche availability.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch
Important Information – Refresh of Buy to Let Product Range
Newcastle Intermediaries will be refreshing our Buy to Let range on our mortgage product portfolio with effect from Friday 29th July 2022.
The product ranges include the following highlights;
- Reintroduced 2 and 5 year products to our Buy to Let range;
- 10% overpayment facilities across our 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The existing product range will be therefore be withdrawn by close of business today, Thursday 28th July, however any existing applications will be honoured until close of play Friday 29th July. Please be advised that this will be subject to tranche availability.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch.