Why choose Newcastle Intermediaries for your Buy to Let cases?
As part of Newcastle Intermediaries’ commitment to supporting clients onto and up the property ladder, they continually review their product offering and underwriting approach, in response to your feedback.
Newcastle Intermediaries have recently enhanced their Buy to Let proposition and lending criteria to further support your clients requiring increased loan sizes and LTVs, as well as enhanced affordability options.
Here are a few key reasons why they are best placed to support you and enhance the options available to your landlord clients.
- Increased LTV to 80% (75% for New Build flats)
- Increased maximum loan on an individual property to £1m
- Introduced a split tax approach for affordability for lower and higher rate tax payers:
- For lower rate tax payers, an ICR of 125% @ 5.5% will apply or 125% @ 4.5% if the product is fixed for 5 years.
- For higher rate tax payers, an ICR 145% @ 5.5% will apply or 145% @ 4.5% if the product is fixed for 5 years.
Key features:
- Both 2 and 5 year products available.
- Choice of fee assisted products with a free valuation.
- 10% overpayments, in addition to the £499 monthly overpayments already permitted.
All of Newcastle Intermediaries’ cases are individually underwritten and they have no maximum age criteria with a mortgage term of up to 25 years, to help find a deal to best suit your client’s needs.
Ready to make an application? You can find their latest products and criteria details on their website.
Product Range here.
Criteria here.
Contact us
If you would like to find out more about how they can help, please contact your dedicated Business Development Manager here.