Newcastle for Intermediaries has increased the maximum loan-to-value (LTV) for new-build homes to 95%.
This allows buyers to secure a mortgage from Newcastle Building Society with just a 5% deposit, providing more options for homebuyers and supporting the housebuilding sector.
The new offering includes a fixed rate of 5.48% until 31st March 2030 (6.6% APRC) at 95% LTV, with no product fees and a free standard valuation.
The 95% LTV products are available for both house purchases and remortgages, allowing for up to 10% in overpayments, although early repayment charges (ERCs) apply.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We understand that achieving the dream of homeownership remains a challenge, that’s why we’re committed to supporting as many borrowers as possible in getting a foot on the property ladder or moving onwards to their next home.
“By increasing our maximum LTV for lending on new build houses, we’re able to provide our broker partners with a greater number of options and more flexibility for their clients.”
