You are here: Home - News -

The Newcastle simplifies self-employed mortgage applications

by: Owain Thomas
  • 31/01/2017
  • 0
The Newcastle simplifies self-employed mortgage applications
Newcastle Intermediaries has simplified the application process for self-employed borrowers and revised its product range to include free valuations on properties up to £500,000.

The lender has sought to support those recently becoming self-employed by applying an individual case assessment, with just one year’s accounts, an SA302 form or a completed accountant’s certificate required.

Interest rates start at 2.1%.

Newcastle Intermediaries head of mortgage distribution Steve Carruthers said the lender was looking to cover the growing self-employed population.

“We appreciate that one size doesn’t fit all and it can be difficult to find a lender that truly understands the needs of self-employed clients. That’s why our policy aims to make the application process much easier.”

The products are available through the following clubs and networks: Sesame, Openwork, L&G, Mortgage Advice Bureau, Intrinsic, First Complete, Pink Network, The Mortgage Alliance, Premier Mortgage Services, SimplyBiz Mortgages, Brilliant Solutions and Tenet.

Speaking at The Specialist Lending Event earlier this week, Aldermore group mortgage commercial director Charles McDowell warned that self-employed borrowers were in danger of de-selecting themselves.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
manchester town
Regional ‘hotspots’ offer growth hopes

The 'hotspots' of Manchester, Edinburgh and Birmingham will outshine the rest of the UK in 2017, according to property consultancy...

Close