Newcastle Intermediaries relaunches large loan range

Newcastle Intermediaries has re-entered the large loan market with a range of two and five-year fixed rate products.

The two-year product is available at 6.45% up to 65% LTV on loans between £1.5m and £2m.

The range allows enhanced income multiples of up to 5.5x

Newcastle's large loans proposition 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.

The new large loans range follows the relaunch of Newcastle's full residential mortgage range including 95% LTV products and two, five, seven and 10-year terms, alongside additional products supporting those with more specific borrowing requirements.

Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We have updated our large loan product portfolio in line with the current rate environment, and are pleased to be able to reintroduce the range to market reflecting our continued commitment to supporting our intermediary partners and their clients.”