Newcastle Launch Unique Help to Buy Product
8th February 2017
Following entry into the Help to Buy market in December, we have has refreshed our range, including the introduction of two new All in One products.
Our All in One proposition is unique in the Help to Buy market due to the inclusion of all standard legal costs,* including Land Registry fees, Land Registry priority search, bankruptcy searches, property searches (such as local authority water and drainage fees) and VAT.
In addition, the Help to Buy All in One products have no valuation fees or product fees, both of which can add a significant amount onto the initial cost of purchasing a home. Because Newcastle Intermediaries instructs one of its approved solicitors to act on the borrower's behalf, from start to completion, it makes buying a home as easy as possible, and reduces costs to the buyer. Find out more about the All in One range here.
Both All in One products in the Help to Buy range are fixed for two years, the first at 2.09% (5.3% APR) up to a maximum loan to value (LTV) of 60% while the second is available at 2.15% (5.3%APR) up to 75% LTV.
The existing range of products has also been refreshed with rates reduced, and offers a five year fixed rate of 2.29% (4.5%APR), which has been lowered by 0.50%. Available at a maximum LTV of 60%, this deal comes with no product fee, a free standard valuation and £300 cash back.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries stated: "Since entering the Help to Buy market, we've been working hard to enhance our offering to our broker partners. The introduction of a dedicated Help to Buy phone line and priority processing, as well as dedicated Help to Buy case ownership helps brokers to support home buyers using the scheme."
"Our All in One products, which offer more choice and help to ease the costs of purchasing a home, have also been added to our Help to Buy range - another example of how Newcastle Intermediaries is committed to supporting first time buyers."
The full list of products and rates is available on the Newcastle Intermediaries website
Newcastle Intermediaries offers Help to Buy through a selection of key partners; Sesame, Openwork, L&G, Mortgage Advice Bureau, Intrinsic, First Complete, Pink Network, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages, Brilliant Solutions and Tenet.
For further information contact your local Business Development Manager, find out which member of the team covers your area here. Alternatively, please don't hesitate to get in touch with our Intermediary Support Team on 0345 602 2338 (Monday to Friday, 8am to 6pm).
This information is for use by authorised mortgage intermediaries only and should not be relied on by customers.
* excludes stamp duty and non standard conveyancing costs (i.e. Transfer of Equity).