Newcastle Intermediaries returns to high LTV mortgage market

Newcastle Intermediaries has confirmed that it is re-entering the high LTV mortgage market range.

The lender has released a variety of products at 90% and 95% with two and five-year rates, including several with zero product fees.

A two-year fixed rate at 3.80% will be available at 95% LTV and comes with no product fees to pay, Newcastle Intermediaries confirmed. For borrowers wanting to fix for longer terms, a five-year fixed rate at 3.89% is also available at 95% LTV and attracts no product fees.

The lender stated that all the products in its relaunched range offer a free standard valuation and 10% overpayments per annum, while some products will also offer £250 cashback to support with any legal or moving fees.

“We’re delighted to be re-entering the higher LTV market with a range of competitive mortgages to support a variety of borrowers,” said Newcastle Building Society head of intermediary mortgages, John Truswell.

“As well as first-time buyers, second steppers, home movers and remortgage customers can all benefit from higher LTV products which are currently limited elsewhere in the market.

“This range builds on some of the initiatives we’ve recently announced, and provides low deposit borrowers with even more choice in the market. Whether it’s through these products, our involvement in the First Homes initiative, or our participation in the Deposit Unlock scheme, we pride ourselves on being able to support brokers and their clients – whatever their needs may be.”

    Share Story:

Recent Stories

Deep Neural Networks for FX Prediction
Adam Cadle speaks to Richard Turner Head of Research and Mike Emambakhsh, Ph.D. Senior Research Scientist at Mesirow Currency Management about their work with Machine Learning, specifically Deep neural networks for FX prediction.

Mortgage Insider Podcast Series 2 Episode 10: Building Resilience with Peter Brodnicki
We join Peter Brodnicki, CEO and co-founder of the Mortgage Advice Bureau, to reflect on the value of resilience in business. He tells us about lessons learned during his career, the challenges he’s faced since starting MAB 20 years ago and why it’s important to take risks and disrupt your own business.

Will open banking revolutionise the lending industry
Adam Cadle speaks to Jack Tenwick, Head of UK Sales, Yolt Technology Services, about how to get the most out of your lending business and the role of open banking


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.