Newcastle Intermediaries has cut rates by up to 15 basis points (bps) across its self-employed product range to support brokers and their clients who are newly self-employed and who may only have one year’s accounts.
The reduced rates include a two-year fixed rate at 5.15% (6.9% APRC) that is available up to 80% LTV and comes with a £999 product fee and early repayment charges of 2% until 30/06/25 and 1% until 30/06/26.
Also included in the range is a two-year fixed rate at 5.35% (6.9% APRC) that is available up to 80% LTV and comes with no fees and early repayment charges of 2% until 30/06/25 and 1% until 30/06/26.
Newcastle Intermediaries’ self-employed range comes with fee assisted options for clients who require support with costs, with products available for house purchase and remortgage on loans of up to £1million.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We want to provide brokers’ newly self-employed clients with as wide a range of competitive options as possible in order to secure a mortgage.
“That’s why alongside our team of experienced underwriters who individually assess each case, we’re reducing rates across our products that are specifically designed for those borrowers who may only have one year’s accounts.”