Newcastle Intermediaries expands shared ownership offering

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Newcastle Intermediaries has reduced rates across its 95% LTV shared ownership proposition and introduced 85% and 90% LTV products to the range.

The expansion to the lender’s shared ownership range comes alongside reduced 95% LTV rates, including a two-year fixed rate at 5.99% (7.1% APRC), with early repayment charges of 2% until 30/04/25 and 1% until 30/04/26.

A five-year fixed rate is also available at 5.65% (6.7% APRC), with early repayment charges of 5% until 30/04/25, 4% until 30/04/26 and 3% until 30/04/27, 2% until 30/04/28 and 1% until 30/04/29.

Both products are available for house purchase and remortgage, come with a £999 product fee, and offer an overpayment facility of 10% each year.

The expansion of Newcastle Building Society’s shared ownership range follows recent changes to its proposition, including the introduction of products for re-mortgage and staircasing. These updates provide shared ownership buyers with greater flexibility and the opportunity to increase their share in the property up to 100% of the value in increments of 5%.

Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “The new products in our shared ownership range are designed to support brokers and their clients with larger deposits, complementing our existing 95% LTV products to provide greater choice and flexibility for borrowers.”

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