Newcastle for Intermediaries has announced the launch of Enhanced+, its new bespoke proposition.
Launching this week, Enhanced+ delivers greater borrowing flexibility through its mix of increased LTI multiples (up to 6x), policy enhancements and bespoke underwriting.
Starting with loan sizes of £450k up to £3.5m, Enhanced+ is available up to a maximum LTV of 90%. The proposition is designed to appeal to a wide range of borrowers including those with non-standard methods of income which includes payments such as restricted share units and SIPPs.
Enhanced+ also offers direct access to the lender’s underwriters who are able to discuss more complex cases.
Key elements of the proposition are:
- Total minimum income of £75,000 (Single or joint income)
- Minimum Loan size £450,000 up to £3.5million
- Access up to 6x LTI (5.5x for self-employed)
- Maximum LTV up to 90% on loans of up to £1million
- Interest Only available with a mix of repayment vehicles up to a maximum LTV of 80% (85% part and part)
Francesco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “We know brokers increasingly need a truly flexible, high‑value lending solution for their clients. Enhanced+ gives brokers the confidence to place high net‑worth and complex-income cases.
“By raising Loan to Income multiples up to 6x, lowering our minimum loan threshold and underwriting non‑standard incomes, we’re removing barriers for borrowers who might otherwise struggle to secure the funding they need.”
The lender’s latest proposition is available through all intermediary and direct channels and is fully supported by local BDMs with direct underwriter access for more complex cases.
