Newcastle for Intermediaries has reduced rates by up to 0.20% across its Enhanced Plus range, enhancing support for brokers working with higher earners, self-employed clients and borrowers with complex income structures.
The refreshed range replaces the lender’s existing products and is aimed at intermediaries placing cases that require greater flexibility, higher loan amounts or bespoke underwriting.
The Enhanced Plus range includes options for customers with minimum incomes of £75,000 looking to borrow up to six-times income on loans of £450,000 or more.
Self-employed applicants can borrow up to 5.5x income, while higher earners seeking loans up to £3.5m will also benefit from the latest reductions.
The range additionally supports borrowers with non-standard income sources such as commissions, bonuses, SIPPs or restricted share units.
Business owners and self-employed customers with at least two years’ trading figures, as well as first-time buyers and professionals with larger incomes, will benefit from the lender’s willingness to consider loans up to £1m at 90% LTV or £1.5m at 85% LTV.
Francesco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “Our Enhanced Plus reductions are designed to give brokers more flexibility at a time when many clients simply don’t fit a one-size-fits-all approach.
“Higher earners, self-employed borrowers and those with complex incomes often need a lender who can give greater consideration to the nuances of their affordability.
“By combining competitive rates with manual underwriting, we’re helping our intermediary partners secure positive outcomes that reflect their clients’ true affordability and individual circumstances.”
