Newcastle Intermediaries introducing large loan range to core offering
04th June 2018
Newcastle Intermediaries has announced its large loan range is to become part of their core offering.
The range will include an increase to the loan to income (LTI) from 5.25% to 5.75%. A new set of 2-year and 5-year fixed rate mortgages. These new products benefit from free valuations and 10% overpayments. More details on the available products can be found below:
| Product | Proposed Rate | Max LTV | Fees | Incentives | Early Repayment Charge | APR |
|---|---|---|---|---|---|---|
| 2 Year Fixed | 2.37% | 60% | £1,499 | Free Valuation 10% Overpayments |
2/1% | 5.4% |
| 2 Year Fixed | 2.43% | 75% | £1,499 | Free Valuation 10% Overpayments |
2/1% | 5.4% |
| 2 Year Fixed | 2.47% | 80% | £1,499 | Free Valuation 10% Overpayments |
2/1% | 5.4% |
| 5 Year Fixed | 2.99% | 60% | £1,499 | Free Valuation 10% Overpayments |
5/4/3/2/1% | 4.8% |
| 5 Year Fixed | 3.05% | 75% | £1,499 | Free Valuation 10% Overpayments |
5/4/3/2/1% | 4.8% |
| 5 Year Fixed | 3.08% | 80% | £1,499 | Free Valuation 10% Overpayments |
5/4/3/2/1% | 4.8% |
Some of the highlights of the range that are offered to the lenders intermediary partners include a number of bespoke products and bespoke policies, as well as dedicated case ownership.
Steve Carruthers, head of mortgage distribution, Newcastle Intermediaries, said:
"We're looking forward to extending this offering and we're committed to supporting our large loan customers, offering them both flexibility and choice. Our underwriters consider affordability on a case by case basis and we're confident that we will help more advisers meet the needs of their customers.
"This expansion of our large loans proposition, demonstrates our commitment to supporting our intermediary partners and our dedication to the intermediary mortgage market."
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This information is for use by authorised mortgage intermediaries only and should not be relied on by customers.