"We’re reducing rates across our products that are specifically designed for those borrowers who may only have one year’s accounts."
- Franco Di Pietro, head of intermediary mortgages at Newcastle BS
Newcastle Intermediaries has reduced rates by up to 0.15% across its self-employed product range.
Two-year fixed rates at 80% LTV have reduced to 5.15% with a £999 product fee and 5.35% fee-free.
Newcastle Intermediaries’ self-employed range comes with fee assisted options for clients who require support with costs, with products available for house purchase and remortgage on loans of up to £1million.
Last month, Newcastle reduced rates across its buy-to-let proposition by up to 0.30% and reduced buy-to-let lending stress rates.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We want to provide brokers’ newly self-employed clients with as wide a range of competitive options as possible in order to secure a mortgage.
"That’s why, alongside our team of experienced underwriters who individually assess each case, we’re reducing rates across our products that are specifically designed for those borrowers who may only have one year’s accounts.”
