We know that raising a deposit continues to be a big challenge for first-time buyers, especially for those who are trying to save while also paying rent. Therefore, we are pleased to announce that our maximum loan-to-value for new build houses has been raised from 90% to 95%. This will allow those buying a new build house to secure a mortgage with us with only a 5% deposit.
By increasing our maximum LTV for lending on new build homes, we hope to help even more people buy their first home or move to their next, as well as offering increased support for the housebuilding sector.
Key features:
- Two and five year products available
- Fee assisted features on selected products to support customers needing help with costs
- 10% annual overpayments and additional monthly overpayments of £499 allowed
- Free standard valuation up to £500,000
- Extended offer time of 9 months for new build applications
Meet your BDM
Here to support you
Available across the UK, your dedicated Business Development Manager (BDM) is ready to give expert advice on your product, criteria, or application questions.
Linzi Stafford
Connells Group
Postcodes:
CONNELLS, CG
Judi Hancock
South East
Postcodes:
SO, PO, GU, RH, BN, TN, ME, CT, SS, CM, BR, DA, CB, IP, RM
Judi Hancock
South East (Connells Group please search 'CG' for your BDM)
Postcodes:
CO
Stephen Breen
North West and M62 Corridor
Postcodes:
FY, LA, PR, BD, BB, L, WN, BL, OL, HX, M, WA, CH, CW, SK, S, DN, HU, HD, LL
Rebecca Roberts
London
Postcodes:
HP, SL, AL, WD, HA, UB, TW, KT, CR, SM, EN, IG, E, EC, W, N, NW, SE, SW, WC
Kam Gill
Midlands
Postcodes:
TF, ST, DE, NG, LN, WV, WS, DY, WR, B, CV, LE, NN, PE, NR, SY
Andy White
South West and Home Counties
Postcodes:
TA, BS, CF, BA, GL, SN, OX, RG, MK, LU, SG, BH, SP, NP, SA, LD, HR, DT, EX, TQ, PL, TR
Sophie Goodwin
North East and Scotland
Postcodes:
SR, TS, DD, G, FK, KY, KA, ML, EH, DG, TD, CA, NE, DL, DH, HG, YO, LS, WF, KW, IV, PH, AB, PA
Contact our dedicated Intermediary Support Team on 0345 602 2338 or intermediary.lending@newcastle.co.uk. We're available from 8am to 6pm, Monday to Friday.