Newcastle Intermediaries extends new build offer period and refreshes Help to Buy range
Newcastle Intermediaries has extended its new build offer validity period from six months to nine months and has refreshed its Help to Buy product range available for new purchases and remortgage cases, including staircasing.
With its Help to Buy equity range there’s a 2-year fixed rate of 2.45% available at a maximum loan-to-value of 60% and a 5-year fix at 2.80% at 75% LTV. Both products include a free standard valuation, 10% overpayments per annum and £500 cashback.
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 three months, borrowers don’t need to worry if their new home takes slightly longer to complete.”
For clients looking to remortgage whilst repaying parts of their equity loan by adding this to their mortgage, Newcastle has revised products for those wishing to staircase up to 95% LTV.
A rate of 3.29% at 90% LTV is available on a 2-year fix with a free valuation, 10% overpayments per annum and an increased cashback facility of £1,000.