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The Newcastle simplifies self-employed mortgage applications

by: Owain Thomas
  • 31/01/2017
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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.

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