This will be open to individual or joint applicants earning more than £75,000 per year, up to 90% loan to value (LTV). This will be 5.5 times income for self-employed borrowers.
Loan sizes will range from £450,000 to £3.5m.
Newcastle Building Society will consider borrowers with non-standard income, including restricted share units and self-invested personal pensions (SIPPs).
Applicants will also gain access to the lender’s underwriters for more complex cases.
Interest-only borrowing is available through the range with a mix of repayment vehicles up to 80% LTV, or 85% LTV for part and part repayments.
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Francesco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said: “We know brokers increasingly need a truly flexible, high‑value lending solution for their clients. Enhanced+ gives brokers the confidence to place high-net-worth and complex-income cases.
“By raising loan to income multiples up to six times, lowering our minimum loan threshold and underwriting non‑standard incomes, we’re removing barriers for borrowers who might otherwise struggle to secure the funding they need.”
This month, Newcastle Building Society’s results showed its gross mortgage lending for the first half of this year came to £570m.
