Newcastle Intermediaries adds Help to Buy and BTL to self-employed offering

Published on

Newcastle intermediaries has extended its self employed product range to include both Help to Buy and buy-to-let.

The lender says it has seen a positive uptake of its existing range of self-employed products designed to help those clients who have been trading for up to two years and have a full set of year one accounts.

The extension to include Help to Buy and buy-to-let provides additional options and more flexibility for self employed borrowers.

The Help to Buy additions feature two, two year fixed rate products at 75% LTV. The fee assisted two year fixed rate product at 2.55% (5.4% APR) comes with free valuation, £500 cashback and 10% overpayments per annum with an early repayment charge of 2% until 31 May 2019 and 1% until  31 May 2020.

The second two year fixed rate is available at 2.05% (5.4% APR) with £800 completion fee, and £199 reservation fees payable up front. Overpayments of up to 10% per annum are permitted and an early repayment charge of 2% until 31 May 2019 and 1% until 31 May 2020.

The new buy-to-let range includes a two year fixed rate at 2.99% (5.5% APR) is available at a maximum LTV of 75% with no fees, free valuation, £500 cashback and 10% overpayments per annum permitted with  an early repayment charge of 2% until 31 May 2019 and 1% until 31 May 2020.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “Following on from the success of the launch of our self-employed product range and feedback from brokers outlining the growing need for support in this market, we’re delighted to expand into the Help to Buy and buy-to-let markets. These products will help a wide range of borrowers including first time and next time buyers.”

Latest POLL

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

Advisers warned of regulatory risks over neglecting wills and LPAs in later life lending

Financial advisers could be falling short of regulatory expectations and endangering customer outcomes by...

Rosemount Financial Solutions announces senior promotions

Rosemount Financial Solutions (IFA) has announced a series of senior promotions as the growing...

L&G adds Harpenden Building Society to surveying services panel

Legal & General (L&G) has expanded its Mortgage Services business with the addition of...

HTB appoints Alexia Evans as lending director to strengthen development finance team

Hampshire Trust Bank (HTB) has appointed Alexia Evans as lending director within its development...

Other news

Advisers warned of regulatory risks over neglecting wills and LPAs in later life lending

Financial advisers could be falling short of regulatory expectations and endangering customer outcomes by...

Rosemount Financial Solutions announces senior promotions

Rosemount Financial Solutions (IFA) has announced a series of senior promotions as the growing...

L&G adds Harpenden Building Society to surveying services panel

Legal & General (L&G) has expanded its Mortgage Services business with the addition of...
Advertisement