Paradigm Mortgage Services has secured access to Newcastle Intermediaries large loan proposition, for mortgages over £500,000.
This gives Paradigm member firms access to a range of options including two-year fixes currently priced at 2.37 per cent (up to 60 per cent LTV), 2.43 per cent (75 per cent LTV), and 2.47 per cent (80 per cent LTV).
In addition firms can also access five-year fixes at 2.99 per cent (60 per cent LTV), 3.05 per cent (75 per cent LTV) and 3.08 per cent (80 per cent LTV).
The maximum loan is between £500,000 and £1m at 80 per cent LTV, but Newcastle will consider loans up to £1.5m at 75 per cent LTV.
Newcastle Intermediaries will also consider interest-only mortgage available up to 75 per cent LTV, with up to 5.75 affordability multiples. It will take bonuses and overtime payments into consideration for these affordability calculations.
Newcastle Intermediaries offers BDM support for advisers placing larger loans.
Newcastle Intermediaries’ core mortgage offering is already included within Paradigm’s lending panel.