Newcastle Intermediaries refreshes large loan product range
Newcastle Intermediaries has updated its large loan portfolio with a new range of fixed rate products.
"The updates to our large loans product portfolio enable us to continue to deliver a great range of options for brokers in meeting the needs of their higher-earning clients."
A new five-year product is available at 3.70% -up to 80% LTV, and available on loans up to £1.5m at 75% LTV.
The range allows enhanced income multiples of up to 5.5x and comes with a dedicated service offering direct access to Newcastle Intermediaries’ underwriting team, allows up to 10% overpayments and acceptance of up to 100% bonus / commission, subject to underwriter discretion.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “The updates to our large loans product portfolio enable us to continue to deliver a great range of options for brokers in meeting the needs of their higher-earning clients.
"This continued focus on our large loans proposition demonstrates our commitment to supporting our intermediary partners and their clients.”
