Newcastle launches Enhanced+ mortgage proposition with 6x LTIs

Newcastle for Intermediaries has announced the launch of a new bespoke mortgage proposition - Enhanced+.

Enhanced+ delivers greater borrowing flexibility through its mix of increased LTI multiples (up to 6x), policy enhancements and bespoke underwriting.

Starting with loan sizes of £450,000 up to £3.5m, Enhanced+ is available up to a maximum LTV of 90%. The proposition is designed to appeal to a wide range of borrowers including those with non-standard methods of income which includes payments such as restricted share units and SIPPs.

To benefit from the proposition, borrowers must have a total single or joint income £75,000 to access up to 6x LTI (5.5x for self-employed).

Interest-only is available with a mix of repayment vehicles up to a maximum LTV of 80% (85% part-and-part).

Enhanced+ also offers direct access to the lender’s underwriters who are able to discuss more complex cases.

Francesco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We know brokers increasingly need a truly flexible, high‑value lending solution for their clients. Enhanced+ gives brokers the confidence to place high net‑worth and complex-income cases. 

“By raising loan-to-income multiples up to 6x, lowering our minimum loan threshold and underwriting non‑standard incomes, we’re removing barriers for borrowers who might otherwise struggle to secure the funding they need.”