The Newcastle launches new BTL products via brokers
Newcastle Intermediaries has updated its Buy to Let range with the introduction of both a short and longer term mortgage deal.
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The two year fixed rate product comes at a rate of 2.59% (APR 5.60%) and the five year is at a rate of 3.49% (APR 5.20%). Both are available at a maximum loan to value of 75% with no reservation fee and a free standard valuation included.
The products will be provided through The Business Mortgage Company who Newcastle Intermediaries teamed up with in 2015 to enter the burgeoning BTL market.
TBMC will liaise directly with brokers and submit fully packaged cases to Newcastle Intermediaries on its behalf
Steve Carruthers, Head of Mortgage Distribution, at Newcastle Intermediaries, said:
“Since we launched into the BTL market we have had a lot of interest in our products. Despite impending changes in the BTL market we continue to see competition in the marketplace increase and in turn this has given landlords greater opportunities to shop competitively for the best interest rates.
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