Newcastle Intermediaries extends new build offer period and refreshes Help to Buy ranges
10 April 2019
Newcastle Intermediaries announces that it’s extending its New Build offer validity period from 6 months to 9 months. It’s also refreshing its Help to Buy product range available for new purchase and re mortgage cases (including staircasing).
The lender is refreshing its full Help to Buy Equity range including a 2 year fixed rate of 2.45% (5.1%APR) available at a max LTV of 60% and a 5 year fix at 2.80% (4.7%APR) at 75% LTV . Both products include free standard valuation, 10% overpayments per annum and £500 cashback.
For clients looking to re-mortgage whilst repaying parts of their equity loan by adding this to their mortgage, Newcastle Intermediaries has revised products for those wishing to staircase up to 95% LTV. A rate of 3.29% at 90% LTV is available (5.3%APR) on a 2 year fix, free valuation, 10% overpayments per annum and an increased cashback facility of £1,000 to help with the cost of repaying their equity loan.
Alternatively, if customers want to repay their equity loan in full, the lender also has a range of competitive residential mortgages which borrowers can switch to.
Stuart Miller, customer director of Newcastle Intermediaries, said: “We’re one of the few lenders who offer a variety of options for Help to Buy clients, whether that’s a straight forward purchase or re-mortgage, or increasing capital to cover the cost of the equity loan. The increased cashback facility will also help borrowers pay for some of the administration costs of re-paying part or all of the equity loan, such as an independent valuation.
“By also increasing the validity period for New Build homes by a further 3 months, borrowers don’t need to worry if their new home takes slightly longer to complete.” All product details and the full range of available products can be found at www.newcastleis.co.uk.
