The two year fixed rate products are available from 2.49% up to 75% LTV, offer free valuations (on properties up to and including £500,000) and are available through all its key account distributors.
The new range is aimed at the recently self employed (those trading for two years and under) and follows a revised policy from Newcastle Intermediaries as part of a commitment to making the mortgage application process easier.
An individual case assessment will now be applied, with either one year’s accounts or an SA302 form requested, not both.
Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “We’re continuing to provide much needed support to a growing group of self-employed individuals with the launch of these competitive mortgages.
We appreciate it can be difficult to find a lender that truly understands the needs of self-employed clients in the early stages of their journey, which is why we’ve also recently reviewed our policy to make it easier for them to apply for a mortgage.”
