You are here: Home - News -

Large loan rates cut by Newcastle Intermediaries

by:
  • 08/03/2019
  • 0
Large loan rates cut by Newcastle Intermediaries
The lender has reduced rates on a selection of its deals for mortgages between £500k and £1.5m.

The cost of its five-year fixed rate mortgage has been chopped by 0.20% to 2.45%, up to 75% loan to value. The deal is available on loans up to £1.5m and carries a fee of £1,999.

For those with 20% upfront the rate rises to 2.49%, available to £1m, and with a £1,999 fee.

Early repayment charges apply on both mortgages for five years, although 10% annual overpayments are allowed.

Stuart Miller, customer director at Newcastle Intermediaries, said: “I’m pleased to announce these rate reductions on our five-year fixed large loan products. We know that customers appreciate flexibility and choice when it comes to securing a mortgage that’s right for them.”

The large loans are available on a repayment or interest-only basis, up to maximum income multiples of 5.75. The lender can take 100% of bonus and commission in account, subject to specific lending criteria.

There are 0 Comment(s)

You may also be interested in

Read previous post:
later life lending
Later Life Lending Hub launched by PMS and Sesame

PMS Mortgage Club and Sesame Network have boosted support for mortgage advisers with an online hub on retirement interest-only (RIO)...

Close