Reduced rates on Interest Only products
To support both home movers and customers re-mortgaging, we're reducing rates across our full range of Interest Only mortgage products by up to 0.50% and introducing a range of fee assisted products, available on loans up to £1.5m (subject to LTV restrictions).
All new Interest Only product rates can be found on our product page.
Lending policy highlights:
- Competitive 2 and 5 year products available;
- No product fees and free standard valuation on selected products to support clients who require assistance with costs;
- 10% overpayment allowance per annum;
- Available up to 75% LTV and an additional 5% LTV can be secured on a repayment basis;
- Affordability will be calculated on an interest only basis; and
- Maximum age for borrowers at the end of the mortgage term is 80.
Contact us
We will be delighted to discuss any new enquiries or any other queries you might have about existing applications. Contact your dedicated Business Development Manager, call our Intermediary Support team on 0345 602 2338 or email us at intermediary.lending@newcastle.co.uk.
The British Mortgage Awards are still open for nominations!
The British Mortgage Awards recognise the stand out achievements of the most deserving individuals in the UK mortgage industry.
Our North West & M62 Corridor BDM, Stephen Breen works tirelessly to provide you and your clients with the best level of service. Steve has been an integral part of the success of our Large Loans and First Home propositions, as well as becoming a hugely valued member of the BDM team.
If you have had the opportunity to work with Steve, please give him your nomination before Friday 5th May!
