Newcastle Intermediaries launches mortgage product for the self-employed

Michael Lloyd

January 18, 2018

Newcastle Intermediaries has launched a self employed mortgage exclusive a 2-year fixed product at 2.20% (5.3% APR) is available at a maximum 60% LTV.

It has no reservation or completion fees, a free standard valuation and increased overpayment facilities of 10% of the balance per annum.

As a commitment to making the mortgage application process easier for those recently self-employed, the lender will apply individual case assessment, requesting either one year’s accounts, an SA3012 form, or a completed accountant’s certificate.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “As the number of people who are self-employed is increasing, we wanted to provide on-going and much needed support with the launch of another highly competitive Self Employed product and a policy that aims to make the application much easier.

“We appreciate that one size doesn’t fit all and it can be difficult to find a lender that truly understands the needs of self-employed clients, especially in the early stages of their self-employment journey.”

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