Newcastle enters buy-to-let
The range include a 2-year discount rate up to 75% loan-to-value at 2.49% and a £999 completion fee. A 2-year fixed rate of 2.35% will also be available up to 75% LTV with a completion fee of 2.5% of the advance.
Steven Marks, corporate development executive at Newcastle, said: “This range adds to our competitive portfolio and enables us to support our brokers further.
“This development comes at a time when we have invested in the management of our intermediary relationships, as well as our service and systems, all of which are key priorities for us and come at an exciting time when we are building our intermediary business.”
Andy Young, chief executive at TBMC, added: “It is great to see another buy-to-let lender entering the marketplace, offering even wider choice to landlord clients.”