Newcastle Intermediaries has signed a deal to distribute its buy-to-let mortgage range through Legal & General Mortgage Club on a limited basis.
Newcastle Intermediaries has signed a deal to distribute its buy-to-let mortgage range through Legal & General Mortgage Club on a limited basis.
Previously the range was only available through TBMC.
Initially Newcastle’s range will be limited and only made available to a select group of brokers on L&G’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.
“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.”
Products on the panel included 75% loan-to-value fixed rates to 31 May 2018, with products standing at 2.15% with a 1.50% completion fee and 2.55% with a £1499 completion fee.
Fixed products to 75% LTV to 31 May 2021 meanwhile stand at 3.29% with a 1.50% completion fee and 3.39% with a £1,499 fee.
