Newcastle for Intermediaries has introduced an affordable Boost range to give brokers additional options for their clients.
The range is only available through select products and offers affordability to brokers and their customers by valuing borrowers more favorably than the standard residential five-year fixed rate benchmark. 
This allows the borrower to increase the loan size according to their financial situation and requirements.
The offer offers up to 95% loan-to-value (LTV) for customers looking for a fixed-rate mortgage for more than five years, including first-time buyers, movers and remortgages. Available at
Also included in the range is a 72 month fixed rate of 5.24% (6.4% APRC) with up to 90% LTV available on a product fee of £999.
This product includes: 6% until March 31, 2026, 5% until March 31, 2027, 4% until March 31, 2028, 3% until March 31, 2029, 2030 There will be an early repayment fee of 2% until March 31, 2031, and 1% until March 31, 2031. .
The 72-month product is designed to ensure that the borrower has at least five years left on the term of the product before closing on the property.
Francesco Di Pietro, Head of Brokered Mortgages at Newcastle Building Society, said: “Current market conditions are having a negative impact on borrowing capacity, and the way short-term products are assessed for affordability is making it easier for borrowers to buy their dream home. “It may limit the opportunity to own.”
“By adapting to the dynamic nature of the market, we can continue to offer our brokers a flexible offer that meets the needs of their customers. That is why we are working with our broker partners to We have developed new product ranges to improve affordability in a sustainable way.”
“The Affordability Boost series is complemented by enhancements provided by our flexible lending criteria, direct access to our underwriting team, and support for each broker through a dedicated regional business development manager.”
