Newcastle Intermediaries has doubled the validity period of its borrower loans to six months.  

The broker-only arm of Newcastle Building Society says the move will help buyers in “property chains where the process can take longer, or customers looking to re-mortgage well ahead of their current deal expiring”.  

The changes to its offer period affects purchase and remortgage customers, while the offer period for new build applications remains at nine months.  

Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “Borrowers looking to buy a home or remortgage can experience uncertainty during the process, particularly those who find themselves in a chain.  

“We want to ensure we’re able to support a broad range of borrowers as effectively as possible and, after listening to broker feedback, we’ve taken the decision to increase our offer validity period to help ease some of the pressure facing borrowers, providing greater peace of mind at a time that we know can be stressful.”