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TODAY'S OTHER NEWS

Newcastle extends buy-to-let range to L&G

Newcastle Intermediaries has extended distribution of its buy-to-let mortgage range through its partner Legal & General Mortgage Club. 

The range was previously available only through TBMC.

A limited number of new mortgage deals will be initially available to a selected group of brokers on L&G Mortgage Club’s panel.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said:

“Working with Legal &General is a natural next step as we grow our buy-to-let aspirations.

“It builds on the successful launch with TBMC last year, and reflects our commitment to the market and to providing more choice in how intermediaries can access our competitive buy to let product range.”

Carruthers added: “We will continue to provide a packaged offer through TBMC alongside increasing the width of our distribution. This is the first step in that process.”

Jeremy Duncombe, Director, Legal & General Mortgage Club, said: “We are delighted to see Newcastle returning to the buy-to-let market with this range of competitive semi exclusive products via our intermediaries.”

Highlights of the range include a deal fixed at 2.15% until 31 May 2018 and a fix until 31 May 2021 charging 3.29%, both with a 1.5% completion fee.

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