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Newcastle refreshes mortgage range and appoints 3 BDMs

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  • 18/01/2017
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Newcastle refreshes mortgage range and appoints 3 BDMs
Newcastle Intermediaries, the broker-facing brand of Newcastle Building Society, has expanded its product offering with ten new mortgage deals.

Included among the new products are two two-year fixed rate remortgage exclusives. The first is available up to 60% loan to value (LTV)at 1.79%, while the second is open to borrowers with a 30% deposit and locks the rate in at 1.83%. Both deals are fee free, and come with a free standard valuation (up to £500,000) and free legals.

Other new deals include an 80% LTV 10-year fixed rate deal at 2.86% and a two-year fixed rate at 3.24% available up to 95% LTV, both with £999 fees.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said the lender had reassessed its entire range to introduce products that are “more relevant” to the current marketplace.

He continued: ““We feel it’s important to offer products across the LTV range, while catering to the individual needs of borrowers by offering fees assisted alternatives where they may need to free up cash during the move.

“The additional products on offer show our commitment to helping brokers find the right choice for their customers.”

The new deals follow the appointment of three new business development managers by Newcastle Intermediaries at the start of the year. Kate Welland has joined from Hinckley & Rugby Building Society to cover the Midlands, Oliver Smith has joined from Santander to look after the M25 and London area, while Judi Hancock has moved from BM Solutions and will handle the south east.

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