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Newcastle Intermediaries adds to Help to Buy range

by: Owain Thomas
  • 14/02/2017
  • 0
Newcastle Intermediaries adds to Help to Buy range
Newcastle Intermediaries has added two new products to its Help to Buy range while reducing the rates on its existing deals after only entering the market in December.

The pair of two-year All in One products have no valuation or product fees and include 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.

Both these mortgages 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 Help to Buy deals has also seen rates reduced by at least 0.1%.

The largest cut of 0.5% was applied to the five-year fixed rate product available at a maximum of 60% LTV taking it to 2.29% (4.5% APR). This deal includes no product fee, a free standard valuation and £300 cash back.

Newcastle Intermediaries’ head of mortgage distribution Steve Carruthers noted that the lender had introduced a dedicated Help to Buy phone line, priority processing and dedicated case ownership to help brokers 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,” he said.

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