Newcastle Building Society will lower select buy-to-let rates, including two and five-year fixed rates, by up to 0.46 per cent.
This includes a two-year fixed rate at 80 per cent loan to value (LTV) priced at 6.15 per cent with a £999 fee and early repayment charges (ERC) of two per cent in the first year and then one per cent in the second year.
Its no-fee five-year fixed rate up to 80 per cent LTV is 5.99 per cent and ERCs starting at five per cent then falling one per cent per year of the term.
The buy-to-let proposition is available for sole trade landlords only, has no minimum income or maximum age and both products allow 10 per cent overpayments. They are available for purchase or remortgage.
Newcastle: ‘An increasingly competitive market’
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “In response to an increasingly competitive market and the wider reduction in rates that we’re starting to see we’re delighted to reduce rates on our Buy to Let product range.
“As a lender we understand that affordability challenges are still prevalent and so it’s important that we pass on these reductions to our broker partners and their clients, offering not only greater choice and flexibility, but competitive rates, underpinned by our adaptable, nuanced approach to underwriting.”
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.
