The largest reduction of 0.20% on its 5-year fixed rate product at 2.45%, is available at max 75% LTV up to £1.5m, and fees of £1,999, with 10% overpayments per annum, free standard valuation.
Newcastle Intermediaries has reduced rates across its 5-year fixed large loan products, cutting some by up to 0.20%.
The largest reduction of 0.20% on its 5-year fixed rate product at 2.45%, is available at max 75% LTV up to £1.5m, and fees of £1,999, with 10% overpayments per annum, free standard valuation.
There’s an early repayment charge of 5% until 31.07.2020, 4% until 31.07.2021, 3% until 31.07.2022, 2% until 31.07.2023 and 1% until 31.07.2024.
Stuart Miller, customer director, 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.”
Alternatively, an 80% LTV 5-year fix at 2.49%, 4.6%APR, up to £1m, a 0.19% reduction on its current rate is available with fees of £1,999, 10% overpayments per annum, free standard valuation.
It comes with an early repayment charge of 5% until 31.07.2020, 4% until 31.07.2021, 3% until 31.07.2022, 2% until 31.07.2023 and 1% until 31.07.2024.
Interest-only loans are also available, as well as taking 100% of bonus and commission subject to specific lending criteria and direct access to underwriters.
The range includes income multiples of up to x5.75, subject to criteria, for loans between £500,000 and £1.5m.
