The appointment gives more than 400 network advisers and all mortgage club members access to Newcastle Intermediaries’ products.
The lender’s presence on the panel will offer a variety of mortgages to suit a number of borrower needs; from competitive 95% LTV mortgages, Buy to Let products stressed at a rental coverage of 145% at 4% for 5 year products, and an interest only proposition available up to a variety of LTV’s to a maximum of 75%, where affordability is calculated on an Interest Only basis.
John Truswell, head of intermediary mortgages at Newcastle Building Society, said: “We’re delighted to be a part of Mortgage Intelligence’s lending panel. We’re able to offer brokers a personable service which has been responsively designed, based on broker feedback.
“Similarly, our bespoke underwriting demonstrates our commitment to helping brokers manage a variety of customer needs, whether straight forward or more niche.”
Sally Laker, managing director of Mortgage Intelligence, said: “We are delighted to announce our partnership with Newcastle Intermediaries.”
“Newcastle Intermediaries’ flexible criteria and common-sense underwriting approach allows them to consider cases that are more complex and difficult to place on the high street. We’re excited to offer our advisers their services to help with even more cases.”
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