Newcastle Intermediaries

Newcastle Intermediaries

Newcastle Intermediaries is the intermediary arm of Newcastle Building Society (NBS). While NBS offers a range of products direct through its own network, they realise some people like to deal with financial advisers and this is why they actively support this, with specialist staff and straightforward ways to do business with them.

The Newcastle is the biggest society in the North East. Although they are a regional building society located in the North East of England, they support lending across the UK, providing availability of their intermediary products in England, Scotland and Wales.

Proc Fees

Product Gross Net
BTL 0.50% 0.45%
Residential 0.40% 0.37%
Product Transfers 0.20% 0.19%
Product Type When does the lender pay PMS? Frequency
All 21 days after completion Weekly

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

Register Lender-InfoBoxWhite

Register to place business with Newcastle Intermediaries:

*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.

Register

Providing straightforward efficient customer service including a dedicated website where online DIPs can be obtained and mortgage applications made, as well as specialist support services, Newcastle Intermediaries can help you grow and develop your business. 

Residential mortgages are available for the following purposes: 

  • Purchase of a residential property
  • Remortgage of an existing secured loan
  • Capital raising
  • Additional borrowing for existing customers
  • Scheme transfers

Newcastle Intermediaries can also help your customers with:

  • 95% mortgages
  • Fee assisted products
  • Buy to let mortgages
  • New build properties
  • Let to buy mortgages
  • Accept 100% of private pension
  • Consider contract workers
  • Foreign nationals
  • Consider 'pay day' loans

 
 
Packaging

Once an online mortgage application has been submitted, please help Newcastle Intermediaries to help you by completing the 'What to send' checklist, which provides a list of all documents required for each case. The documents can be submitted via the Newcastle Intermediaries online application system, following which, you will receive automatic case updates via email.

On completion of your first application, they will ask you to complete a form confirming your bank details. This will allow them to pay your share of the procuration fee directly to you.

Registration

Once you have completed your online application to register to use Newcastle Building Society, they will aim to review your registration within two working hours of you applying (Monday to Friday 8am to 6pm). Once your registration has been accepted, you can login and obtain quick decisions on behalf of your customers, as well as manage all of you outstanding DIPS with them.


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