Newcastle returns to BTL market with extended distribution
Newcastle Intermediaries has announced that it has extended its distribution of buy to let mortgages via Legal & General Mortgage Club.
Previously only available through TBMC, to begin with it will be available only to specific brokers on L&G Mortgage Club’s panel.
Steve Carruthers, Head of Mortgage Distribution, at Newcastle Intermediaries, said: “Working with Legal & General is a natural next step as we grow our buy to let aspirations. It builds on the successful launch with TBMC last year, and reflects our commitment to the market and to providing more choice in how intermediaries can access our competitive buy to let product range.”
We will continue to provide a packaged offer through TBMC alongside increasing the width of our distribution. This is the first step in that process.”
Jeremy Duncombe, Director, Legal & General Mortgage Club, added: We are delighted to see Newcastle returning to the Buy to Let market with this range of competitive semi exclusive products via our intermediaries, and we look forward to working closely with Steve and his team to help to grow their footprint in this important sector.”