Newcastle for Intermediaries has reduced its BTL rates across its intermediary product range by up to 0.24%.
The changes apply across the lender’s range of products for new customers, including its two and five-year fixed rate options.
The revised range includes two- and five-year fixed rates available up to 80% LTV for both house purchase and remortgage, and a fee-assisted alternative designed to help manage upfront costs.
The wider lending proposition includes no minimum income or maximum age, and a maximum LTV of 80%.
Larger loan sizes support lending of up to £500,000 at 80% LTV, up to £750,000 at 75% LTV and up to £1m at 70% LTV.
“We’re committed to working closely with our broker partners to deliver positive, customer-focussed outcomes,” said Franco Di Pietro, head of intermediary mortgages (pictured above).
“We know many landlords are looking for certainty and affordability as they plan future investments.
“These rate reductions, together with our flexible lending criteria and fee assisted option, give brokers practical choices to help their landlord clients move quickly and confidently.”
