Newcastle for Intermediaries has launched a refreshed product transfer proposition for existing interest-only mortgage customers, with new rates starting from 3.99%.
The initiative is designed to make it easier for brokers to retain customers approaching maturity by offering competitive pricing and a straightforward online process.
Through the new offering, existing customers can access exclusive transfer rates, secure a new deal up to three months before their mortgage matures, and complete the process entirely online via Newcastle’s product transfer tool.
The move is part of the lender’s continued focus on strengthening broker support and improving retention options for existing borrowers.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “By extending support to existing interest-only customers, our aim is to give brokers a practical, attractive option to keep those customers on their books, with real savings, a quick online transfer process and the peace of mind of being able to secure a rate ahead of maturity.
“This results in greater certainty for customers and a simpler process for brokers.”
