According to the lender, this now enhances its existing BTL lending policy which includes no maximum age limit and five-year fixed products stressed at 145% at 4%.
Newcastle Intermediaries has also revealed newly refreshed buy-to-let rates with new fee assisted options.
All products in the range allow borrowers to overpay by 10% of their mortgage balance per annum, over and above the existing policy which allows £499 regular monthly overpayments.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, had this to say: “As we continue to grow our buy-to-let offering, the reduction of the minimum income for joint properties reflects our commitment to the market and to providing more flexibility for brokers seeking the right choice for their clients.”
