Newcastle Intermediaries has updated its large loan portfolio with a range of fixed rate products.
The refreshed range, including a two-year, five-year and 10-year fixed rate, are all now available.
The five-year product is available at 3.70% [3.9% APRC] for up to 80% LTV, and available on loans up to £1.5m at 75% LTV. The product comes with early repayment charges of 5% until 31/10/23, 4% 31/10/24, 3% until 31/10/25, 2% until 31/10/26 and 1% until 31/10/27.
The range allows enhanced income multiples of up to 5.5 times. It 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.”