Introducing our enhanced Large Loan criteria and competitive product range
We are dedicated to continually improving our mortgage offering and providing competitive products that make owning a home accessible to everyone. That's why we're pleased to announce our upgraded Large Loans proposition, designed to offer a tailored mortgage service for your customers.
We have made changes to our Large Loan range to better meet the needs of your higher earning clients. Here are the key enhancements:
- Maximum loan amount increased to £3 million (previously £2 million); and
- Revised criteria for downsizing via sale of Large Loan mortgaged property, with a cap of 60% LTV for Interest Only exposure (previously 50% LTV).
Our Large Loan proposition:
- Dedicated service with direct access to underwriters;
- Loans ranging from £500,001 to £1,000,000 available at 80% LTV;
- Loans ranging from £1,000,001 to £1,500,000 available at 75% LTV;
- Loans ranging from £1,500,001 to £3,000,000 available at 65% LTV;
- Increased income multiples of up to 5.5x;
- Acceptance of up to 100% bonus/commission (subject to underwriter discretion); and
- Option for Interest Only loans up to 75% LTV or 80% part and part.
Ready to make an application? You can find our latest product and criteria details below:
Contact Us
Talk to your dedicated Business Development Manager or contact you Intermediary Support team at intermediary.lending@newcastle.co.uk or 0345 602 2338