Newcastle Intermediaries launches new self-employed mortgage

"As the number of people who are self-employed is increasing, we wanted to provide on-going and much needed support"

The two year fixed rate is available at 2.20% up to a maximum of 60% LTV and has no reservation or completion fees, free standard valuation and increased overpayment facilities of 10% of the balance per year.

For borrowers who have been trading as self-employed for less than two years, the lender will apply individual case assessment, requesting either one year’s accounts, an SA3012 form, or a completed accountant’s certificate.

Steve Carruthers, Head of Mortgage Distribution at Newcastle Intermediaries, said: “As the number of people who are self-employed is increasing, we wanted to provide on-going and much needed support with the launch of another highly competitive self employed product and a policy that aims to make the application much easier.

“We appreciate that one size doesn’t fit all and it can be difficult to find a lender that truly understands the needs of self-employed clients, especially in the early stages of their self-employment journey.”