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Newcastle BS offers deal for self-employed with less than two years’ trading

  • 18/01/2018
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Newcastle BS offers deal for self-employed with less than two years’ trading
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.”

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