News
Newcastle BS reduces rates on high LTV All in One products
Newcastle Intermediaries has reduced rates on its All in One products at 90% and 95% loan-to-value by up to 0.20% in a bid to support first-time buyers.
The products come without valuation and product fees. They also include standard legal costs, including Land Registry fees, Land Registry priority search, bankruptcy searches, property searches and VAT.
Newcastle Intermediaries will also instruct one of its approved solicitors on the borrowers’ behalf to arrange completion of their purchase or remortgage.
The products are available through Sesame, Openwork, Legal & General, Instrinsic, First Complete, Pink Home Loans, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages and Tenet.
Steve Carruthers (pictured), head of mortgage distribution at Newcastle Intermediaries, said the reduction will help first-time buyers with reduced monthly repayments and keeping upfront costs to a minimum.
Newcastle BS’ intermediary arm announced it was launching into buy-to-let lending in August.
Introducing the Green Living Reward
Your clients can now get up to £2,000 cashback for making energy-efficient home
Sponsored by Halifax Intermediaries