Newcastle unveils buy-to-let exclusive

The product comes with a free standard valuation and free legal costs and is available through The Business Mortgage Company and a select group of brokers on Legal & General’s distribution panel, who Newcastle Intermediaries launched with in March.

Newcastle Intermediaries has introduced a fee free 2-year fixed rate buy-to-let mortgage at 2.95% to 75% loan-to-value for remortgagors.

The product comes with a free standard valuation and free legal costs and is available through The Business Mortgage Company and a select group of brokers on Legal & General’s distribution panel, who Newcastle Intermediaries launched with in March.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We continue to see increased interest in our buy-to-let proposition and this competitive product will offer a great option for remortgaging landlords, looking to avoid high product fees.”

The product has a loan amount between £50,000 and £350,000 and comes with a 3% early repayment charge until 31 August 2018.