Find out how much your clients could borrow.
Affordability Boost
If your client is already looking for a longer-term fixed-rate mortgage, our Affordability Boost range could help them borrow more than they initially thought.
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What is Affordability Boost?
We understand that affordability can be a key challenge for many people. That’s why we have a range of products to help your clients looking for a longer-term fixed-rate mortgage.
Our Affordability Boost range offers a different affordability assessment for fixed-rate mortgages of longer than five years. This means your client may be able to borrow more, depending on their financial situation. This assessment is only available on Affordability Boost products with a minimum term of 72 months.
What does this look like?
For example, a couple with one child, a combined income of £75,000 and monthly credit commitments of £650, could typically borrow up to £305,000. This is with a standard fixed-rate product when borrowing 85% of their home’s value. However, with an Affordability Boost mortgage, they might be able to borrow up to £375,000 dependent on their financial circumstances.
With a standard fixed-rate product they could borrow up to:
£305,000
With an Affordability Boost product, they could borrow:
£375,000
Is Affordability Boost right for your client?
Our Affordability Boost range may be suitable if they want:
-
A fixed-rate mortgage for over five years (72 months minimum term)
-
To borrow more towards their first home, current home, or next home
Our Affordability Boost range may not be suitable if they want:
-
A short-term or more flexible mortgage
-
To make changes within the next five years
-
To use an affordable home ownership scheme such as Shared Ownership
-
To apply but have been self-employed for less than two years
-
A Buy-to-Let mortgage
What are the key features?
- Available only on selected Affordability Boost fixed-rate mortgages of more than five years (minimum term of 72 months)
- Available up to 95% LTV
- Available to first-time buyers, home movers, those looking to remortgage and existing mortgage customers who don’t want to borrow more
- Maximum age 80
- 10% overpayment per year as well as an additional £499 monthly overpayment allowed
- Up to 40-year term
FAQs
Browse our Afforability Boost product range
Filter results
AFBS027
Affordability Boost Mortgage - Fixed Rate
Until 31 March 2031
Initial rate
5.24%
SVR
6.94%
APRC
6.30%
LTV
80%
Product fee
£0
Incentives
- 10% overpayments
- Free standard valuation
AFBS028
Affordability Boost Mortgage - Fixed Rate
Until 31 March 2031
Initial rate
5.14%
SVR
6.94%
APRC
6.30%
LTV
80%
Product fee
£999
Incentives
- 10% overpayments
AFBS032
Affordability Boost Mortgage - Fixed Rate
Until 31 March 2031
Initial rate
5.34%
SVR
6.94%
APRC
6.40%
LTV
90%
Product fee
£0
Incentives
- 10% overpayments
- Free standard valuation
AFBS030
Affordability Boost Mortgage - Fixed Rate
Until 31 March 2031
Initial rate
5.15%
SVR
6.94%
APRC
6.40%
LTV
90%
Product fee
£999
Incentives
- 10% overpayments
AFBS031
Affordability Boost Mortgage - Fixed Rate
Until 31 March 2031
Initial rate
5.50%
SVR
6.94%
APRC
6.50%
LTV
95%
Product fee
£999
Incentives
- 10% overpayments
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
Business Development Manager
Postcodes:
CONNELLS, CG, FY, LA, PR, BD, BB, L, WN, BL, OL, HX, M, WA, CH, CW, SK, S, DN, HU, HD, LL,
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
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.