The lender now accepts 10% of the balance per annum to be made in overpayments, in addition to its existing policy of £499 regular monthly overpayments.
This change enhances their existing BTL lending policy which includes no maximum age limit and five-year fixed products stressed at 145% at 4%.
Ben Smith, Product Development and Propositions Manager at Newcastle Intermediaries, commented: “As we continue to grow our buy-to-let offering, the introduction of additional overpayments reflects our commitment to the market and to providing more choice and flexibility for intermediaries to access our buy to let product range.”
