Newcastle Intermediaries has made changes to its large portfolio and introduced a number of fixed rate options.
The range include a two-year, five-year and 10-year fixed rate options.
The five-year fixed rate is priced at 3.7 per cent up to 80 per cent loan to value (LTV) and is available on loans up to £1.5m at 75 per cent LTV.
It comes with early repayment charges, which starts at five per cent and then falls one per cent per year.
The range allows enhanced income multiples of up to 5.5x income, which the lender said would give borrowers more choice and flexibility.
Products also permit up to 10 per cent overpayments and accepts up to 100 per cent bonus and commission, subject to underwriter discretion.
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “The updates to our large loans product portfolio enable us to continue to deliver a great range of options for brokers in meeting the needs of their higher-earning clients.
“This continued focus on our large loans proposition demonstrates our commitment to supporting our intermediary partners and their clients.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.