Newcastle BS Cuts Residential Stress Rate

Newcastle BS cuts residential stress rate

Newcastle Building Society has lowered the residential stress rate for those borrowing on terms of up to five years.

Newcastle for Intermediaries cuts stress rates on fixed mortgages

Newcastle for Intermediaries has reduced its residential stress rate for borrowers taking out 2-year, 3-year, and 5-year fixed rate mortgages.  The change is designed to make it easier for people to borrow, with the lower stress rate meaning borrowers could access higher loan amounts across the lender’s full product range, including shared ownership and interest only. Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Build…