According to the lender, the new BTL range includes a two year fixed rate at 2.99% up to 75% LTV, free valuation, £500 cashback and carries no fees.
The new HTB range is available at 75% LTV and include a two-year fixed rate at 2.05% with a £800 completion fee and £199 reservation fee, as well as a fee assisted two-year fixed rate at 2.55% with free valuation and £500 cashback.
Newcastle said that it will allow 10% overpayments per annum with an early repayment charge of 2% until 31st May 2019 and 1% until 31st May 2020.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “Following on from the success of the launch of our self-employed product range and feedback from brokers outlining the growing need for support in this market, we’re delighted to expand into the Help to Buy and buy-to-let markets. These products will help a wide range of borrowers including first time and next time buyers.”
