Relaunch of Joint Mortgage Sole Proprietor
The return of our Joint Mortgage Sole Proprietor (JMSP) proposition provides additional options for borrowers seeking to purchase their own home.
The JMSP product is designed to help clients get onto the property ladder or support the purchase of a home later in life by using the income of a family member to increase borrowing capacity.
Product highlights:- 2 year fixed at 2.95% (5.2% APRC) for loans up to 80% LTV, with no product fees
- Free standard valuation and cashback
- 10% overpayments permitted per annum, in addition to a regular monthly overpayment allowance of £499
- Early repayment charge of 2% until 30.12.2021 and 1% until 30.12.2022 for this product
- Borrow from £25,000 to £1,000,000
All available product details can be found on our website.
Contact us
We will be delighted to discuss any new enquiries or any other queries you might have about existing applications. Call our Intermediary Support team on 0345 602 2338 or email us at intermediary.lending@newcastle.co.uk. Alternatively, you can contact your dedicated Business Development Manager.