Newcastle for Intermediaries has reduced rates by up to 0.20% across its Enhanced Plus range, strengthening support for brokers working with higher-earning clients, those with complex income profiles and borrowers requiring bespoke, manual underwriting.

The refreshed range replaces the lender’s existing products and is designed to support brokers in placing cases that need greater income flexibility, higher loan sizes or a tailored assessment.

The Enhanced Plus range includes options for customers with minimum incomes of £75,000 seeking to borrow up to six-times income on loans of £450,000+ as well as self-employed applicants who can borrow up to 5.5x income.

The proposition also benefits higher earners seeking loans up to £3.5m and those with non-standard income sources such as commissions, bonuses, SIPPs or restricted share units.

Business owners and self-employed customers with at least two years’ trading figures, plus first-time buyers and professionals with larger incomes looking to borrow up to £1m at 90% LTV or £1.5m at 85% LTV will also benefit from the reductions.

POSITIVE OUTCOMES

Francesco Di Pietro (main picture), head of intermediary mortgages at Newcastle Building Society, said: “Our Enhanced Plus reductions are designed to give brokers more flexibility at a time when many clients simply don’t fit a one-size-fits-all approach.

“Higher earners, self-employed borrowers and those with complex incomes often need a lender who can give greater consideration to the nuances of their affordability.

“By combining competitive rates with manual underwriting, we’re helping our intermediary partners secure positive outcomes that reflect their clients’ true affordability and individual circumstances.”