Newcastle for Intermediaries launches new tracker mortgage range

Newcastle for Intermediaries has launched a new range of base rate tracker mortgages, designed to give borrowers greater flexibility in the evolving interest rate environment.

The range is available to both new and existing customers, with variable rates linked to the Bank of England Base Rate starting at 4.55%, no early repayment charges, and products available for residential up to 80% LTV, interest-only, buy-to-let and Enhanced Plus.

Enhanced Plus offers up to 6x borrowing to income, up to 90% LTV, and borrowing from £450,000 to £3.5 million.

Michelle Ash, national account manager at Newcastle Building Society, said: “Borrowers continue to want clarity, flexibility and value when it comes to their mortgage choices, particularly in a market where interest rates remain uncertain. This new tracker range is designed to give brokers and their clients more choice, with competitive pricing and no early repayment charges helping to provide greater confidence and control.

“By broadening this offering across our residential, interest-only, buy-to-let and Enhanced Plus propositions, we are making it easier for brokers to match customers to the right solution for their needs.”