Newcastle enters buy-to-let mortgage market
Newcastle for Intermediaries has entered the buy-to-let market with a selection of mortgages available to borrowers with a 25% deposit.
The building society has a range of two-year fixed and discounted mortgages, with arrangement fees starting from £999 and increasing up to 2.5% of the loan amount.
There is also a free standard valuation on properties valued up to £500,000.
Each application will be individually underwritten, and the society will credit search rather than credit score. This enables them to review applications on an individual basis.
Steven Marks, Newcastle’s corporate development executive, told Mortgage Strategy magazine: “We are excited about entering the buy-to-let market, which continues to perform strongly.
“This new range adds to our competitive portfolio and enables us to support our brokers further. This development comes at a time when Newcastle has invested in the management of our intermediary relationships, as well as our service and systems.”
For help to secure a buy-to-let mortgage, call Trinity on 020 7016 0790.
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