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Newcastle cuts joint mortgage sole proprietor rates

Newcastle Intermediaries has cuts rates on its joint mortgage sole proprietor rates by up to 0.59 per cent.

Specifically, the rate on the 95 per cent LTV five-year fix has been cut to 3.60 per cent. This product comes with £500 cashback, a free valuation and no other fees.

The 95 per cent LTV two-year fix has had 0.45 per cent chopped off its rate, giving 3.4 per cent. This comes with the same features as the product detailed above.

Both mortgage products are available for borrowers aged 18-80.

Newcastle Intermediaries customer director Stuart Miller says: “We recognise that a significant number of people are able to provide financial support to help family members on their home owning journey.

“We have built additional flexibility into the product so that family members can come off the mortgage when the occupier can demonstrate they can support repayments themselves.”

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