x
By using this website, you agree to our use of cookies to enhance your experience.

TODAY'S OTHER NEWS

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.

Advertisement

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.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

icon

Please login to comment

MovePal MovePal MovePal
sign up