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Newbury Building Society, Intermediaries, 90 Bartholomew Street, Newbury, RG14 5EE
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Newbury Building Society

Newbury Building Society builds trusted relationships by working in partnership with their Intermediary contacts and pride ourselves on providing excellent customer service.

Lending across England and Wales on most products, Newbury Building Society is flexible in its lending approach and understands the importance of an individual and tailored review of each and every application.

A dedicated help desk is open Monday to Friday 9am – 5pm, meaning you can speak to someone who can assess your inquiry on an individual basis with no credit scoring. All types of income are considered and we specialise in helping clients with unusual or complex borrowing requirements or situations.

Key Features Tools & Calculators

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Proc Fees

Product	Gross			Net
Product	Fee	Min	Max	Fee	Min	Max
All Products	0.42%	£125	£3,500	0.4%	£125	£3,500
Product Transfers	0.20%			0.18%

Key Features

Contactable via email, telephone and online instant chat
No credit scoring

All types of income are considered
Tailored underwriting with each case individually considered

Proc fees - when your proc fee will be paid

Product Type	When does the lender pay PMS?	Frequency
All	Cases completed between 1st - 15th paid same month. Cases completed between 16th - 31st paid following month.	Bi-monthly.

Product Type

When does the lender pay PMS?

Frequency

All

Cases completed between 1st - 15th paid same month.

Cases completed between 16th - 31st paid following month.

Bi-monthly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.

Overview

Post Code Restrictions:

For standard residential, Shared Ownership and Help to Buy we lend throughout England and Wales.

Register

Register to place business with Newbury Building Society:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Newbury Building Society understands one size doesn’t fit all. We can help clients looking for a mortgage, even when they don't necessarily tick the typical high-street boxes:

Residential: fixed, variable and interest-only options, available across England and Wales. Newbury can help with split terms, split repayment types and joint owner – sole proprietor.

Shared Ownership and Help to Buy Equity Loan: available up to 95% LTV on new build flats and houses across England and Wales.

Buy-to-let: Regulated, consumer, limited company, ex-pat and holiday products available for purchase and re-mortgage. Newbury also looks at the applicant’s financial situation and can take surplus income into account if the rental coverage doesn’t work (top-slice).

Self-build: Lending up to 66% of the land value, with planning permission in place, and up to 75% during the build phase. Funds are releases in stages, between two and six stages. Modern methods of construction, unusual properties and renovations are also considered.

Foreign currency income loans: Newbury considers applications where income/or the asset to repay the loan is in foreign currencies (including Euros, Australian Dollars and Hong Kong dollars). 100% of the converted income is used for affordability.

Self-employed, freelancers and day-one contractors: Self-employed persons with less than 3 years accounts considered, flexible approach to self-employed, will look at net profits plus directors remuneration (will also look at retained profit). Day contractors considered based on day rate of an average 48 week of the year. Fixed term contracts considered, CIS contractors treated as employed.