Newcastle Intermediaries relaunch BTL range

Newcastle Intermediaries has announced that it has relaunched a range of buy-to-let products, responding to market demand.

Related topics:  Landlords
Property Reporter
7th July 2020
to let 721

According to the lender, a two-year fixed rate is available at 2.46% and a five-year fix starts from 2.70%.

The new fee-assisted products offer a free standard valuation on properties up to £500,000, £500 cashback and 10% overpayments per annum.

The ICR is 145% at a rate of 4% for product terms of five years or more and there is no maximum age for borrowers.

John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We’re delighted to re-enter the buy-to-let market with these new products. They offer flexibility, competitive rates and a number of benefits, underpinned by our adaptable, nuanced approach to underwriting.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.