Newcastle Intermediaries has launched Help to Buy: Equity Loan products for the first time.
This includes both the standard 20% equity loan and 40% in London (Help to Buy London).
All products offer a free valuation, £300 cashback and up to 10% in overpayments are permitted without penalty. The new build mortgage offers are valid for a period of up to six months.
In addition, Newcastle Intermediaries’ three-year fixed remortgage product offers existing Help to Buy home owners looking to extend the security of their fixed rate upon maturity.
The brand has offered fixed rate products up to 95% LTV since 2011.
| Product | Initial Rate | Product Fees | APR | MaxLTV | Early Repayment Charges |
|---|---|---|---|---|---|
| Two Year Fixed Rate Mortgage | 1.59% | £999 | 5.3% | 60% | 2%/1% |
| Two Year Fixed Rate Mortgage | 1.99% | £0 | 5.3% | 60% | 2%/1% |
| Two Year Fixed Rate Mortgage | 1.79% | £999 | 5.3% | 75% | 2%/1% |
| Two Year Fixed Rate Mortgage | 2.19% | £0 | 5.3% | 75% | 2%/1% |
| Three Year Fixed Rate Re-Mortgage | 2.35% | £0 | 5.1% | 75% | 3%/2%/1% |
| Five Year Fixed Rate Mortgage | 2.45% | £698 | 4.6% | 60% | 5%/4%/3%/2%/1% |
| Five Year Fixed Rate Mortgage | 2.79% | £0 | 4.7% | 60% | 5%/4%/3%/2%/1% |
| Five Year Fixed Rate Mortgage | 2.65% | £698 | 4.7% | 75% | 5%/4%/3%/2%/1% |
| Five Year Fixed Rate Mortgage | 2.89% | £0 | 4.8% | 75% | 5%/4%/3%/2%/1% |
These products are available through the following networks and clubs: Sesame, Openwork, L&G, Mortgage Advice Bureau, Intrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages, Brilliant Solutions and Tenet.
