Newcastle for Intermediaries has introduced rate reductions of up to 0.30% across its large loans mortgage proposition.
Available from today, the revised large loans range offers enhanced flexibility for clients requiring mortgages of up to £3m, with loan-to-value (LTV) ratios available up to 85%.
With rates starting from 4.45% the range allows for consideration of up to 100% bonus / commission – subject to underwriter discretion – supports up to 10% overpayments and allows enhanced income multiples of up to 5.5x; providing borrowers with more choice and flexibility.
The large loans proposition comes with a dedicated service offering direct access to Newcastle for Intermediaries’ underwriting team.
Michelle Ash, national account manager at Newcastle Building Society, said: “As the large loans market grows, we want to ensure that we support our broker partners not only with competitive rates, but with an expert-led approach and service they can trust.
“We understand the very specific needs of clients with higher or complex incomes and high-value borrowing requirements, and are proud to be able to reduce rates across our Large Loans proposition in order to offer brokers and their clients more choice, flexibility and value.”
