Newcastle Intermediaries has relaunched its buy-to-let offerings, available at up to 75 per cent LTV.
The lender’s two-year fixed rate product comes in at 2.46 per cent and has an early repayment charge of 2 per cent until 31 December 2021 and 1 per cent until 31 December 2022.
It also offers a five-year fixed rate at 2.70 per cent with an ERC of 5 per cent until 31 December 2021, reducing progressively to 1 per cent in 2025.
Both products have a free standard valuation for properties valued at up to £500,000, offer £500 cashback and 10 per cent overpayments per year.
We’re delighted to re-enter the BTL market with these new products. They offer flexibility, competitive rates and a number of benefits, underpinned by our adaptable, nuanced approach to underwriting,” says head of intermediary mortgages John Truswell.
