Newcastle Intermediaries has launched a two-year fixed self-employed loan for borrowers with less than two years’ trading.
The two-year fix offered at 2.20% is available up to 60% loan to value (LTV), and has no reservation or completion fees, a free valuation and higher overpayment facilities of 10% of the balance each year.
Each loan gets individual case assessment and underwriting and will request either one year’s accounts, an SA3012 form, or a completed accountant’s certificate.
Steve Carruthers, head of mortgage distribution, at Newcastle Intermediaries, (pictured) said: “As the number of people who are self-employed is increasing, we wanted to provide ongoing and much needed support with the launch of another highly competitive self-employed product and a policy that aims to make the application much easier.
“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, especially in the early stages of their self-employment journey.”
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.