Reduction in Buy to Let rates for your landlord clients
We are pleased to announce the reduction in rates across our range of competitive Buy to Let products to support your landlord clients buying or re-mortgaging a property to let. Rates start at a competitive 2.39% fixed until 28.02.2024 (APRC 3.7%) and 2.29% fixed until 28.02.2027 (APRC 3.4%).
Key features:
- Competitive range of 2 and 5 year products available
- Choice of fee assisted products
- Free standard valuation on properties up to £500k on selected products
- £500 cashback on selected products
- 10% overpayments, in addition to the £499 regular monthly overpayments already permitted
Key propositional highlights:
- The rental calculation on our 5 year fixed products are assessed on 145% at 4% on an Interest Only basis (products with a term of less than 5 years are assessed on 145% at 5.5%)
- Maximum 75% LTV on mortgages up to £500,000
All of our cases are individually underwritten and we have no maximum age criteria with a mortgage term of up to 25 years, to help find a deal to best suit your client's needs.
The full range of products can be found on our website.
Product Range
Talk to your dedicated Business Development Manager or contact your Intermediary Support Team at intermediary.lending@newcastle.co.uk or 0345 602 2338