The All in One products include all standard legal costs including Land Registry fees, Land Registry Priority Search, Bankruptcy Searches, Property Searches (such as Local Authority, Water and Drainage Fees) and VAT.
The All in One products also have no valuation or product fees.
As part of the ‘All in One’ product, Newcastle Intermediaries will instruct one of its approved Solicitors on the borrowers’ behalf to arrange completion of their purchase or remortgage.
The products are available through the following networks: Sesame, Openwork, L&G, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.
Steve Carruthers, Head of Mortgage Distribution, at Newcastle Intermediaries, said: “Following the launch of our innovative ‘All in One’ product in October 2015, we have received lots of positive feedback from brokers who believe this product range is ideal for first time buyers looking to keep the costs of purchasing their first home down. Feedback also indicates it’s a great product for clients looking to move home or remortgage.
The recent reduction of our rates on our 90% and 95%, two and five year products will help first time buyers with reduced monthly repayments as well as keeping upfront costs to a minimum. These changes alongside our recent launch of our Newcastle Help to Buy: ISA only go to show how the Newcastle is committed to supporting our members get onto the property ladder.”
