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Newcastle amends Help to Buy offering

Newcastle Intermediaries has amended its Help to Buy product range and extended its new build offer period.

The lender has increased its rates on the 60 per cent LTV two-year fix from 2.29 per cent to 2.45 per cent, and the 75 per cent LTV five-year fixed rate offer from 2.30 per cent to 2.80 per cent.

Both products are in the lender’s HTB range, and include free standard valuation, 10 per cent overpayments per annum and £500 cashback.

Furthermore, within Newcastle’s remortgage HTB range it has launched a 95 per cent LTV two-year fix at 3.79 per cent, and a 90 per cent LTV two-year fixed rate product at 3.29 per cent.

The two offers both include free valuation, 10 per cent overpayments per annum, and £1,000 cashback.

The lender has also extended its new build offer validity period from 6 months to 9 months.

Newcastle Intermediaries customer director Stuart Miller comments: “We offer a variety of options for HTB clients, whether that is a straight forward purchase, remortgage, or increasing capital to cover the cost of the equity loan.

“By increasing the validity period for new build homes by a further three months, borrowers do not need to worry if their new home takes slightly longer to complete.”

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