Newcastle Intermediaries has refreshed its Help to Buy range, including the introduction of two new ‘All in One’ deals.
Its All in One proposition contains all standard legal costs, including Land Registry fees, Land Registry priority search, bankruptcy searches, property searches (such as local authority water and drainage fees) and VAT.
In addition, the Help to Buy All in One products have no valuation fees or product fees. Because Newcastle Intermediaries instructs one of its approved solicitors to act on the borrower’s behalf, from start to completion, it reduces costs to the buyer.
Both All in One products in the Help to Buy range are fixed for two years, the first at 2.09% (5.3% APR) up to a maximum loan to value (LTV) of 60% while the second is available at 2.15% (5.3%APR) up to 75% LTV.
The existing range of products has also been refreshed with rates reduced, and offers a five-year fixed rate of 2.29% (4.5%APR), which has been lowered by 0.50%. Available at a maximum LTV of 60%, this deal comes with no product fee, a free standard valuation and £300 cash back.
The Newcastle moved into the Help to Buy market in December 2016.
Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “Since entering the Help to Buy market, we’ve been working hard to enhance our offering to our broker partners. The introduction of a dedicated Help to Buy phone line and priority processing, as well as dedicated Help to Buy case ownership helps brokers to support home buyers using the scheme.
“Our All in One products, which offer more choice and help to ease the costs of purchasing a home, have also been added to our Help to Buy range – another example of how Newcastle Intermediaries is committed to supporting first time buyers.”