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Newcastle Intermediaries re-enters buy-to-let market

Newcastle Intermediaries has relaunched its buy-to-let offerings.

The lender’s two-year fixed rate product offers a choice of fee-assisted deals at 75% loan-to-value (LTV), with rates starting from 2.46%. 

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

The building society’s five-year fixed rate is available at 2.7%. 

The Interest Coverage Ratio 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 the Newcastle Building Society, commented: “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.”

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