Newcastle returns to BTL market with extended distribution

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.”

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Latest Comments

Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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