The lender now accepts 10% of the balance per annum to be made in overpayments, in addition to its existing policy of £499 regular monthly overpayments.
This change enhances their existing BTL lending policy which includes no maximum age limit and 5 year fixed products stressed at 145% at 4%.
Ben Smith, Product Development and Propositions Manager at Newcastle Intermediaries, explained: “As we continue to grow our Buy to Let offering, the introduction of additional overpayments reflects our commitment to the market and to providing more choice and flexibility for intermediaries to access our buy to let product range.”
