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Buy to Let Mortgage now available through Newcastle.

21 November 2016

Newcastle logo

Today, Monday 21 November, Newcastle Building society are pleased to announce their new Buy to Let Mortgages are now available to you.

Their Buy to Let offering includes:

  • Loans up to a maximum of 75% LTV (including new build flats)
  • Individually underwritten
  • No packaging fees

They now offer two options when applying for our Buy to Let products:

Also, due to a system upgrade, when submitting a Buy to Let application you can now take advantage of their online processing facilities which are already available with their residential mortgages. These include:

  • Easy online application system
  • Online document upload facility
  • Automated case tracking via email
  • Webchat facility
  • Individual case ownership

In addition, Newcastle have made some positive changes to their criteria:

Buy to Let

  • The maximum loan on an individual property has increased to £500,000
  • Rental stress is now calculated on an interest only basis even if a repayment or part/part loan is required

Plus, they’ve refreshed their Buy to Let product range

Residential

  • The maximum age for borrowers at the end of the loan term has increased from 75 to 80 years old.

 View their lending policies.

You can register with Newcastle to take advantage of their complete range of residential and BTL products and case support servicing.

For more information on our current Buy to Let products, please visit their website www.newcastleis.co.uk.


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