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.”
