You are here: Home - News -

Newcastle Intermediaries launches joint mortgage sole proprietor products

  • 30/08/2018
  • 0
Newcastle Intermediaries launches joint mortgage sole proprietor products
Newcastle Intermediaries has launched a range of intergenerational joint mortgage sole proprietor products, available for those from 18 to 80 years of age.


The lender said these products were proving a popular vehicle for families who wished to lend a financial helping hand across the generations.

“They increase the borrowing power of the purchaser by combining the income of both the borrower who will occupy the house, and the non-occupying family member,” it said.

Newcastle Intermediaries has outlined a number of two- and five-year fixed rates deals as part of its offering with loan to values (LTVs) from 60% to 95%, all of which are available with no fees to pay.

Deals include a two-year fixed rate at 3.89% available at 95% LTV, while for those with a larger deposit to put down, a two-year fixed rate at 2.49% is available at 60% LTV.

Both products come with free valuation, £500 cashback, 10% overpayments per annum and an early repayment charge of 2% until November 2019 and 1% until November 2020.

Steve Carruthers, head of mortgage distribution (pictured), said: “Introducing our joint mortgage sole proprietor product range strengthens our first time buyer and later life lending propositions.

“It recognises that a significant number of people are in the fortunate position to be able to provide financial support to help family members on their home owning journey. It’s flexible enough to enable them to come off the mortgage should the occupier be able to manage the repayments themselves.

“The majority of these mortgages will be used by parents to support first time buyer adult children, but the mortgage can also be used to support older generations. We are proud to be one of the few lenders offering joint mortgage sole proprietor products, and helping more people own their own home.”

There are 0 Comment(s)

Comments are closed.

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.


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.


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.


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:
Mortgage approvals dip without seasonal uplift – Bank of England

Mortgage approvals dipped 2% in July compared to June with 125,000 loans secured against residential properties, according to the latest...