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 85% LTV Mortgage Deals
Newcastle Intermediaries will be refreshing its range of 85% LTV residential products with rate reductions of up to 0.20% on selected products, with effect from Friday 30th July 2021.
The product range includes the following highlights;
- Available for both house purchase and re-mortgages up to £500k;
- 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The existing product range will be withdrawn by close of business today, Thursday 29th July however any existing illustrations will be honoured until close of play Monday 2nd August 2021.
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch
Newcastle Intermediaries Re-Entering Large Loan Market
I am pleased to confirm that Newcastle Intermediaries will be re-entering the Large Loan market with effect from tomorrow, Friday 30th July 2021.
We will be launching a competitive range of two and five-year products available up to 80% LTV designed to support your higher earning professional clients.
Product Key features:
- Competitive range of 2 and 5 year discounted variable products;
- Loans available from £500k – £1.5m;
- Free standard valuation on selected products;
- No early repayment charges on selected products
Key Lending Policy & Service Highlights:
- Dedicated service with direct underwriter access
- Loans from £500k – £1m at 80% LTV
- Loans from £1m – £1.5m at 75% LTV
- Enhanced income multiples up to 5.5x
- Acceptance of up to 100% bonus/commission (subject to underwriter discretion)
- Interest Only loans available up to 75% LTV or 80% on a part Capital & Repayment basis
Full product details will be found on http://www.newcastleis.co.uk/products.aspx upon launch