Newcastle for Intermediaries unveils buy-to-let fixed rate reductions

Published on

Newcastle for Intermediaries has reduced pricing across its buy-to-let range for brokers, cutting two and five-year fixed rates by up to 0.24%.

The changes apply to products for new customers and cover the lender’s two and five-year fixed options, with the move aimed at supporting landlords seeking certainty on borrowing costs.

The revised range includes two and five-year fixed rates available up to 80% LTV for both purchase and remortgage, alongside a fee-assisted option designed to help borrowers manage upfront costs.

Across the wider buy-to-let proposition, Newcastle for Intermediaries operates with no minimum income requirement and no maximum age, with a maximum LTV of 80%.

Larger loan sizes are available, with lending up to £500k at 80% LTV, up to £750k at 75% LTV and up to £1m at 70% LTV.

Franco Di Pietro, Newcastle for Intermediaries
Franco Di Pietro, Newcastle for Intermediaries

Franco Di Pietro, head of intermediary mortgages, said: “We’re committed to working closely with our broker partners to deliver positive, customer-focussed outcomes.

“We know many landlords are looking for certainty and affordability as they plan future investments.

“These rate reductions, together with our flexible lending criteria and fee assisted option, give brokers practical choices to help their landlord clients move quickly and confidently.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...