Newcastle Building Society
Building SocietyNewcastle Building Society is a North East-based mutual lender providing residential and buy-to-let mortgages through its branch network and broker partners. It is committed to supporting homeownership in its community while offering competitive products available nationally through intermediaries.
About Newcastle Building Society
Newcastle Building Society was founded in 1863 and has its headquarters in Newcastle upon Tyne. The society has deep roots in the North East of England and is committed to supporting homeownership in its community. Newcastle is a mutual with no shareholders, returning value to members through competitive products.
The society offers residential and buy-to-let mortgages through its branch network in the North East and via mortgage brokers across the UK. Newcastle serves first-time buyers, home movers, remortgagers, and landlords. The society is known for competitive rates and a community-focused approach to lending.
Newcastle Building Society is regulated by the FCA and PRA and is a member of the Building Societies Association. The society has expanded its reach through intermediary distribution while maintaining its commitment to the North East community.
Lending Focus
Newcastle Building Society offers mortgage products across 2 categories including Residential, Buy-to-Let.
Key Features
- Strong North East community presence with local branch expertise
- Intermediary-exclusive products available nationally through brokers
- Flexible criteria for self-employed and non-standard income borrowers
- Competitive fixed-rate and tracker mortgage products
- Personalised underwriting approach with individual case consideration
Pros & Cons
Pros
- Intermediary-exclusive products available nationally through brokers
- Personalised underwriting with individual case consideration
- Flexible criteria for self-employed and non-standard income borrowers
- Strong community focus with commitment to supporting North East homebuyers
Cons
- –Maximum loan amount capped at £1 million
- –Maximum LTV of 90% — no 95% products available
- –Branch network limited to the North East of England
Fees & Charges
- Arrangement Fee
- Fee-free options available; otherwise up to £999
- Valuation Fee
- £250–£1,200 depending on property value
- Early Repayment Charge
- 1–5% during the initial deal period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on Newcastle Building Society
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 3–5 weeks from application to offer
- Online DIP
- No — via broker or branch
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 90%
- Max Loan Amount
- £1m
- Min Loan Amount
- £25k
- Rate Types
- fixed, tracker, discount
Frequently Asked Questions
Are Newcastle Building Society mortgages available nationally?
Yes, while Newcastle Building Society's branches are in the North East, their intermediary-exclusive mortgage products are available nationally through mortgage brokers across England and Wales.
Does Newcastle Building Society accept self-employed applicants?
Yes, Newcastle Building Society has flexible criteria for self-employed borrowers and uses personalised underwriting to assess applications on an individual basis rather than relying solely on automated scoring.
What is the maximum mortgage amount with Newcastle Building Society?
Newcastle Building Society offers mortgages up to £1 million. For higher-value purchases, you may need to consider a lender with larger loan limits.
Does Newcastle Building Society offer buy-to-let mortgages?
Yes, Newcastle Building Society offers buy-to-let mortgages with competitive rates, available through both their direct channel and intermediary partners.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Cambridge Building Society | Residential, Buy-to-Let, Self Build+1 | Building Soc. | 95% |
| Chelsea Building Society | Residential, Buy-to-Let, Shared Ownership | Building Soc. | 95% |
| Harpenden Building Society | Residential, Buy-to-Let, Limited Company | Building Soc. | 80% |
| Nationwide Building Society | Residential, Buy-to-Let, Shared Ownership+1 | Building Soc. | 95% |
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