New products for self-employed introduced by Newcastle BS

December 4, 2025 by Brendan O'Neill

Mortgage Advisors

Newcastle Building Society has announced a revised slate of products for self-employed borrowers, which are intended to help those who have been in business for two years or less.

This slate will replace the products that were previously available and will come with rate cuts up to 0.30%. Among the products that are now available is a fixed rate two-year mortgage with a maximum loan-to-value (LTV) of 80%. This particular product is being offered as both a remortgage and purchase option. Newcastle BS has also brought in an alternative version that is fee-assisted. This is for those self-employed people who need some help with the initial costs.

Another interesting aspect of the revised self-employed product slate is that Newcastle BS has not set an end-of-repayment term age limit. Furthermore, borrowers can opt for a term of repayment of as long as 40 years if they wish.

Those who want to apply for one of the loans do not need to have previous experience of self-employment. When it comes to affordability assessments, these will be based on an applicant’s salary for a single year as well as information about net dividends.

Francesco Di Pietro works for Newcastle BS as its intermediary mortgages head. Talking to Financial Reporter, he said:

“These rate reductions, together with supportive underwriting and a fee-assisted option, mean we can offer practical competitive choices to help more of those customers get a foot on the property ladder or refinance with confidence.”

Mortgage advisors with CeMAP training will welcome anything that helps self-employed people get a mortgage.